Have You Used Up Your H.S.A. Dollars? Time to Make the Most of Them Before the Year Ends

Health Savings Accounts (HSAs) are one of the most powerful tools for managing your healthcare expenses. They offer triple tax advantages—tax-free contributions, tax-free growth, and tax-free withdrawals for qualified medical expenses. But here’s the big question: Have you used up your HSA dollars this year?

While HSAs are different from FSAs (Flexible Spending Accounts), and unused funds typically roll over, many people still forget to use their HSA dollars strategically before the year comes to a close. Here’s why you should take a moment to review your balance and how you can put those funds to good use.

Why You Should Review Your HSA Before Year-End

1. Make Sure You’re Prepared for Upcoming Expenses

Even though HSA funds roll over, using them for current or planned medical needs ensures you save money out of pocket. If you have scheduled check-ups, dental work, prescriptions, or therapy sessions coming up, your HSA can help cover those.

2. Maximize Your Tax Savings

HSA contributions reduce your taxable income, and using your HSA for qualified expenses keeps more cash in your wallet. If you haven’t contributed up to the annual limit, this is a perfect time to do so.

3. Take Advantage of Eligible Expenses You Might Be Missing

Many people don’t realize HSAs cover a wide range of expenses beyond doctor visits. Some surprising items include:

• Vision exams, glasses, and contact lenses
• Dental procedures
• Chiropractic services
• Certain over-the-counter medications
• Menstrual products
• Sunscreen
• First aid supplies

Check your HSA provider’s list—you may be eligible for more than you expect.

Smart Ways to Use Up Your HSA Dollars

Here are practical and beneficial ways to spend HSA funds before year-end planning:

✔ Update Your First Aid or Medical Supplies

Restock items you’ll need throughout the year—bandages, thermometers, cold medicine, allergy meds, and more.

✔ Schedule Preventive Care

Annual physicals, screenings, and lab work are often covered and can be paid through HSA dollars.

✔ Invest in Vision or Dental Care

Glasses, dental cleanings, fillings, and even orthodontics may qualify.

✔ Pay for Mental Health Services

Therapy sessions and certain mental health treatments are HSA-eligible.

Final Reminder: Don’t Leave Money Sitting Unused

Your HSA is a powerful financial tool—don’t let it sit untouched. Reviewing your balance now helps ensure you get the most benefit possible, minimize out-of-pocket healthcare costs, and take full advantage of tax-free savings.

If you need help understanding how your HSA works or what qualifies as an eligible expense, feel free to reach out. Making smart choices today can lead to major savings tomorrow.