Can I use HSA for Hearing Aids? Can I use Health Savings Accounts for Hearing Aids?
Yes you can. As long as the credit card as a visa or mastercard logo on it yes. Many of our customers have purchased hearings aids on their HSA.
There has been a couple of occasions where the HSA credit card, with a visa a master card logo on it did not work and that was because the HSA only allowed the customer to purchase medical allowed items at specified or authorized vendors.
The Affordable Care Act is changing HSAs though.... With the ACA, You may establish an HSA only if you have an HSA-qualified health insurance plan. This is a plan with a high deductible: for 2014, a minimum of $1,250 for self-only coverage and $2,500 for family coverage. The total amount you can have for your deductible plus other out-of-pocket expenses you’re required to pay before your health plan provides coverage cannot exceed $6,350 for individuals and $12,700 for families. Most states have bronze level plans on their exchanges that are HSA qualified—meaning you can pair them with an HSA. You may have to search a bit to find one. Make sure the plan says that it may be used with an HSA.