What Should Parents Consider When Using an HSA for Pediatric Care?
Parents should consider the following when using an HSA for pediatric care: - Plan for preventive care: Ensure regular check-ups and vaccinations are scheduled and budgeted. - Track expenses: Keep detailed records of medical expenses to ensure they are qualified and can be reimbursed. - Save for emergencies: Allocate a portion of HSA funds for unexpected medical situations. - Investment options: Explore investment options for the HSA to potentially grow the savings.