is it possible to buy medical equipment with the hsa?

Exercise equipment: The cost of exercise equipment for general wellness is not reimbursable unless submitted with a medical diagnosis. This is considered general wellness and would not be covered (unless prescribed by a physician to treat a medical condition). When you have an approved medical expense, you may use a debit card provided by the HSA to pay at the doctor's office, pharmacy or other approved provider. Car - Medical expenses are reimbursable for special hand controls and other special equipment installed in a car for use by a person with a disability.

Alternative providers - Expenses paid to alternative providers for homeopathic or holistic treatments or procedures are generally not covered unless they are to treat a specific medical condition. Storage costs associated with the freezing of blood cords, embryos, placentas and sperm (sperm banking) are usually reimbursable when a specific medical condition exists. Over-the-counter items include, but are not limited to, plasters, bandages and wraps, braces and supports, catheters, contact lens solutions and supplies, contraceptives and family planning supplies, denture adhesives, diagnostic tests and monitors, diabetic supplies and tests, first aid supplies, peroxide and rubbing alcohol. Breast reduction - Medical expenses related to breast reduction surgery are only reimbursable with a doctor's diagnostic letter explaining that the procedure is medically necessary and not for cosmetic purposes (i.e.

to prevent or treat a disease or illness). Maximum benefit - Expenses denied by the health insurance because the maximum benefit(s) have been exhausted are reimbursable. Regrouped expenses - Expenses for services regrouped by the health insurance in which the provider does not participate are reimbursable. For individuals who do not usually get sick or spend a lot on medical expenses, an HSA may still be beneficial.

Medical supplies of an expendable nature, such as bandages, rubber gloves and irrigation kits, are not considered DME (AgingCare). Disclaimer Individual and family health and dental insurance plans are insured by Cigna Health and Life Insurance Company (CHLIC), Cigna HealthCare of Arizona, Inc. They must be long-lasting with an expected life of at least 3 years, used for a medical reason, and not useful to someone who is not sick or injured (Healthcare.

Jonathon Lavelett
Jonathon Lavelett

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