Many Americans use their health savings accounts (HSAs) to pay for medical expenses, prescription medications, or hearing aids.
Savvy HSA holders know that they can use their HSA to cover dental expenses as well!
Keep reading to find out what you can do to get the most of your HSA at the dentist office.
First, What’s the Difference Between an HSA and an FSA?
If you’re looking at the big picture, you can use an HSA to save for health expenses you may experience after you retire. Similar to a Roth IRA, there are rules regarding how you use this money.
For paying for medical bills in the short-term, Americans sometimes opt for flexible spending accounts (FSA). These are like HSAs, but they do have one thing that sets them apart–you need to use it or lose it. If there is money remaining in your FSA by the end of the year, that money is taken away.
Can I Use My HSA or FSA at the Dentist?
HSAs and FSAs can be used for many dental expenses, but not all. You can use your HSA or FSA for:
- Fluoride Treatments
- Teeth Cleaning
Some common dental procedures that you cannot use your HSA or FSA on are:
- Non-Medically Necessary Cosmetic Surgery
- Teeth Whitening
If you’re not sure whether a certain procedure will be covered under your FSA or HSA, feel free to contact us for further details.