08 Jan 2025 - News

Unlocking the Power of Your HSA: A Guide to Expanding Your Healthcare Options - Including Ayurveda Medicine

Health Savings Accounts (HSAs) offer a unique triple tax advantage: tax-deductible contributions, tax-free growth, and tax-free withdrawals for qualified medical expenses. Unlike FSAs, unused HSA funds roll over year after year, allowing you to build a substantial healthcare savings fund for the future.  

Who is Eligible for an HSA?

You can contribute to an HSA if you:

• Are enrolled in a High Deductible Health Plan (HDHP) that meets specific IRS requirements.

• Are not covered by any other health insurance plan (with limited exceptions).

• Are not eligible to be claimed as a dependent on someone else's tax return.

Exploring Eligible Expenses

HSAs offer flexibility beyond traditional medical expenses. Qualified medical expenses include:

• Alternative Therapies: Acupuncture, Chiropractic care, MASSAGE THERAPY, Naturopathic medicine, AYURVEDIC MEDICINE, Homeopathy, Biofeedback, Telehealth services

• Dental Care: Dental exams, Cleanings, Fillings,  Orthodontics (in some cases)

• Vision Care: Eye exams, Glasses, Contact lenses

• Long-Term Care: In-home care, Assisted living facilities

• Doctor Visits: Physician appointments, Specialist consultations,  Mental health counseling

• Prescriptions: Prescription medications, Over-the-counter medications (with a doctor's prescription)

Out-of-Pocket Expenses: Deductibles, Copayments, Coinsurance

Take Control of Your Healthcare Future:

By understanding the rules and maximizing the benefits of your HSA, you can take control of your healthcare costs, expand your access to quality care, and secure your financial future.

Unlock the benefits of an AYURVEDIC CONSULTATION or an AYURVEDIC TREATMENT and discover how it can assist you in achieving optimal wellness. 

If you have any questions, please TEXT us 619-637-0201

Christianne Madrazo: Certified Ayurvedic Practitioner, graduate of Mount Madonna Institute, College of Ayurveda and student of Dr. Vasant Lad, one of the world’s foremost experts in Ayurveda

Disclaimer: This information is for general knowledge and informational purposes only and does not constitute financial, tax, or medical advice. For more information about Health Savings Accounts, visit https://www.hsaforamerica.com/hsa-qualified-expenses