Are exchanges clearing houses?
Yes, prescription eyeglasses, reading glasses, prescription sunglasses, and contact lenses are fully eligible expenses under a Health Savings Account (HSA). Under Internal Revenue Service (IRS) guidelines, expenditures incurred for the primary purpose of diagnosing, mitigating, or treating a diagnosed vision impairment qualify as tax-free medical expenses. Account holders can use their HSA debit cards or submit out-of-pocket receipts to reimburse themselves for prescription frames, optical lenses, specialized coatings, and professional eye exams without facing tax penalties.
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