Can I Use My HSA for Weight Loss Medication?

HSAs (Health Savings Accounts) provide a tax-advantaged way to save for qualified medical expenses. This includes certain weight loss medications and programs. Understanding Eligibility Criteria To use HSA funds for weight loss, the medication or program must be: Prescribed by a doctor Medically necessary to treat an underlying condition, such as obesity or a related chronic disease Covered Expenses Eligible HSA expenses for weight loss include: Medications: FDA-approved prescription medications prescribed for weight loss Programs: Medically supervised programs offering comprehensive support, such as meal planning and behavioral therapy Ineligible Expenses...

January 26, 2025 · 1 min · 213 words · Jennifer Taylor