This all means that you could prioritize saving in your HSA over getting reimbursements from it. Fidelity Smart Money Key takeaways HSA savings could be used to pay for a variety of qualified medical expenses, including travel to and from medical appointments, qualified vision and dental costs, and some over-the-counter drugs. Qualified expenses include nearly any medical cost you may incur, including payments for diagnostics, cures, mitigations, treatments, and prescribed preventative medications. Most HSAs issue a debit card that can be used to pay for prescription medications and other eligible expenses. You can use the money to pay for many health and medical expenses, while lowering your taxable income — meaning you may pay less, or get more money back, when you file your tax return. High-deductible health plans make the most sense for people who are relatively healthy with minimal expectations for their annual healthcare needs.Key Takeaways An HSA lets you set aside pre-tax income to cover healthcare costs that your insurance doesn’t pay. You can open an HSA if you have a qualifying high . Except in cases where employers allow for a “limited purpose” FSA (LPFSA), you cannot have both an HSA and FSA. Keep in mind that an LPFSA can only be used to cover . The federal government limits who can open an HSA, how much you can contribute, what you can use the money for and more. A guide to HSA rules An HSA is a tax-advantaged .