Health Savings Accounts (HSAs) are a powerful tool for managing healthcare expenses while maximizing your tax savings. At LifeGenix, we’re proud to offer preventive services that may be covered by your HSA, giving you a proactive way to protect your health and your wallet.
Our preventive care options, like Heart and Lung LDCT scans, Full Body MRIs, and targeted screenings such as Virtual Colonoscopies, are designed to catch potential health issues early—when they’re most treatable. With an HSA, you can use pre-tax dollars to invest in these advanced diagnostic services, making early detection more accessible and affordable.
How Does an HSA Work?
An HSA lets you save for future healthcare costs while enjoying significant tax advantages. Contributions come straight from your paycheck and grow tax-free, providing a triple tax benefit when funds are used for qualified medical expenses. HSAs remain untaxed at the federal level, allowing you to stretch every dollar further.
To stay informed about IRS contribution limits and updates, visit this page.
Thousands of Covered Items and Services
Did you know your HSA covers more than just doctor visits? From over-the-counter medications to advanced diagnostic tools like those offered at LifeGenix, the possibilities are extensive. You can even browse and shop for qualified items at the HSA Store.
Here’s a quick look at 17 popular ways to use your HSA:
- Over-the-counter medications: Pain relievers, cough suppressants, and more.
- Doctor visits and telemedicine: Pay for consultations, both in person and virtual.
- Preventive screenings: Use your HSA for early detection services at LifeGenix.
- Healthcare premiums: Including COBRA and long-term care insurance.
- Dental and vision care: Cover cleanings, braces, eyeglasses, and contacts.
- Transportation for healthcare: Travel costs for necessary medical treatments.
- Specialized care: Smoking cessation, hearing aids, diabetes supplies, and more.
What’s Covered?
HSAs, FSAs, and HRAs can all be used for a wide range of medical expenses approved by the IRS, such as doctor visits, prescription medications, diagnostic services, and more. Here are a few examples:
- Medical: Body scans, physical exams, vaccinations, and prescriptions.
- Dental: Braces, extractions, and exams.
- Vision: Contact lenses, glasses, and laser eye surgery.
To get the most from your HSA, consider using it for LifeGenix’s cutting-edge preventive services. By investing in early detection, you’re making a smart decision for your health and your future.
Examples of qualified medical expenses
Medical:
Acupuncture
Acid controllers
Alcoholism treatment
Allergy and sinus medicine
Ambulance
Anti-diarrheals
Anti-gas products
Anti-itch and insect bite
Anti-parasitic treatments
Baby rash ointments/creams
Birth control
Body scans
Braille books and magazines
Breast pumps and lactation supplies
Chiropractor
Co-insurance (medical, dental or vision)
Co-payments
Cold sore remedies
Cough, cold and flu
Crutches or canes
Deductibles
Diabetic supplies
Diagnostic services
Digestive aids
Drug addiction treatment
Feminine products
Fertility enhancements
Flu shots
Guide dogs or other service animals
Hearing aids and batteries
Hemorrhoidal preps
Hospital services
Insulin
Laboratory fees
Lamaze classes
Laxatives
Learning disability treatments
Menstrual care products
Mastectomy-related special bras
Medical equipment and repairs
Medical monitoring and testing devices
Medical supplies
Motion sickness
Nursing services
OB/GYN Office visits
Oxygen
Pain relievers (for example, aspirin)
Physical exams
Physical therapy
Pregnancy tests (over-the-counter)
Prescription drugs
Prosthesis
Psychiatric care
Reconstructive surgery following
Respiratory treatments
Mastectomy
Sleep aids and sedatives
Smoking cessation (programs/drugs)
Speech therapy
Sterilization
Stomach remedies
Surgery Transportation, parking and related
Travel expenses (essential to receive medical care; subject to IRS limits)
Vaccinations
Vasectomy
Weight loss program and/or drugs (if prescribed by a physician to treat a specific medical condition)
Wheelchair
X-ray fees
Dental:
Braces
Dentures
Exams
Extractions
Fillings
Teeth cleaning
X-rays
Vision:
Contact lenses
Examinations and glasses
Laser eye surgery
Reading glasses (over-the-counter)
