Qualified Medical Expenses
Learn what you can pay for with your HSA funds.
What are Qualified Medical Expenses?
Qualified Medical Expenses (QMEs) are healthcare costs that can be paid for with HSA funds. The IRS defines these expenses in Publication 502. Common QMEs include doctor visits, prescriptions, dental care, vision care, and more.
- •Doctor and specialist visits
- •Prescription medications
- •Dental care (cleanings, fillings, crowns)
- •Vision care (exams, glasses, contacts)
- •Mental health services
- •Physical therapy
- •Medical equipment and supplies
- •Lab tests and X-rays
- •Hospital services
- •Ambulance services
QME Questions
Yes, since the CARES Act of 2020, over-the-counter medications and menstrual care products are considered qualified medical expenses.
Yes, dental and vision expenses are generally qualified medical expenses, including exams, glasses, contacts, and dental procedures.
If you use HSA funds for non-qualified expenses, you'll pay income tax plus a 20% penalty. After age 65, there's no penalty but you'll still owe income tax.
Open your HSA today
Start saving on qualified medical expenses with a tax-advantaged Health Savings Account.