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A new year is always a great opportunity to come up with a new HSA spending and saving strategy. As your HSA is an account you can pull money from as needed, it's important to see how it fits into your overall financial plan.
To start, know who Is covered
As outlined in the IRS Publication 969, eligible individuals that are covered under an HSA include:
- You
- Your spouse
- You, or your spouse if filed jointly, could be claimed as a dependent on someone else's tax return in previous year
- Any HSA dependents you claim on your tax return
- Anyone you could've claimed as a dependent, but weren't able to, because they filed a joint return, or earned more than $5,050 in 2024.
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Estimate your HSA contribution
It's never easy to predict exactly how much you'll need for health-related expenses. But an educated estimate is a good place to start. See how much you spent in the current year, and go from there. Your personal medical expenses covered by an HSA can include any of the following, and more:
- Prescription medication
- Over-the-counter medications and supplies
- Menstrual care products
- Anticipated co-pays
- Your annual deductible
Want to know how much you'll save in taxes now and into the future with an HSA? Use our HSA Tax Savings Calculator™ to find out.
Open or contribute to your Health Savings Account (HSA)
How much you decide to set aside each month is a key part of your HSA spending and saving strategy. But the more you set aside, the more you can save on medical expenses such as deductibles, copays and eligible health products.
And let's not forget the triple tax benefits of an HSA:
- Money you put into your HSA account is not taxed.
- Withdrawals made for qualified medical expenses are tax-free.
- Should you decide to invest the funds in your HSA, any earnings are also tax-free.
Commit to auto-contributing a set amount each month or week. For 2025, the changes to HSA accounts include the contribution limit increasing to $4,300 for individuals, and $8,550 for families. If you're age 55 and up, you're eligible for a HSA catchup contribution of $1,000. If you are able to, consider contributing to your HSA account regularly to truly maximize your pre-tax and health savings.
Keep your receipts
Make sure to hold on to your receipts for any or all HSA eligible medical expenses. Whether you keep them in a stack and keep them in a safe place, or take pictures and save them to a file on your drive, trust that these receipts will come in handy during tax season. Learn more about paying from your HSA and reimbursing yourself later.
Consider telehealth options
Many telehealth services are HSA eligible, making them a cost-effective option for medical care. This includes virtual visits with primary care providers (PCPs), mental health counseling, dermatology consultations, and much more. Both individuals and families can significantly lower their healthcare costs compared to in-person visits, as telehealth often reduces expenses associated with transportation, childcare, and time off work. Plus, telehealth appointments tend to have lower copayments or visit fees, which further eases the financial burden of routine visits.
Live your healthiest life with telehealth from HSA Store
HSA Store has collaborated with the experts to offer personalized treatments & prescription products provided by licensed clinicians. Get treatment and Rx medication from the comfort and privacy of your home — and use your pre-tax HSA to pay for it. Our selection of telehealth services is ever expanding: try personalized allergy care, dermatology, fertility treatments, custom orthotic insoles, online therapy for mental health, optical care, Rx medication, sleep & CPAP care, sobriety treatments, weight loss medication, and more. Get Started
Pro tip: Use your pre-tax HSA money to cover the cost of eligible telehealth services for yourself, your spouse, and your dependents. Take care of yourself — HSA Store will take care of eligibility.
As always, the information provided in this article should not be considered legal or tax advice. Please consult a licensed professional for appropriate advice given your individual situation.
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