Category: Tax advantaged accounts

According to IRS regulations, regular grocery purchases, even for healthy food, are not considered qualified medical expenses and cannot be paid for with your Health Savings Account (HSA) funds. This is because HSAs are specifically designated for costs related to the diagnosis, cure, mitigation, treatment, or prevention of a medical condition, not for ordinary living expenses.

According to the IRS, vitamins and supplements are generally considered personal health expenses rather than qualified medical expenses. This raises a critical question for many individuals: can HSA cards be used for vitamins and supplements? The answer is nuanced, hinging on a few key factors and specific documentation.

According to the IRS, expenses must be primarily to alleviate or prevent a physical or mental illness, not merely beneficial to general health. This rule determines whether you can use FSA on vitamins and probiotics, with general wellness products typically being ineligible unless a specific medical necessity is documented.

According to IRS guidelines, most nutritional supplements and vitamins are not automatically HSA eligible unless prescribed for a specific medical condition. This means that the answer to whether all supplements are HSA eligible is a definitive 'no,' but there are important exceptions and rules to understand to maximize your account benefits.