Maintaining a healthy lifestyle in Nigeria can feel like a luxury, with the Naira fluctuating and the costs of basic amenities rising across the country. However, with a Health Savings Account (HSA), you can prioritise your health without breaking the bank. An HSA is a special savings account designed to help you cover health and wellness needs. It’s your personal fund dedicated to your well-being, helping with out-of-pocket expenses like scans or therapy sessions.
The beauty of an HSA is that your funds earn 7% interest, allowing your savings to grow as you plan for your health needs. Additionally, your HSA comes with discounted rates on top services and products at our Health and Wellness Hub. Here’s a list of ten things you can use your HSA for:
1. Doctor visits
Your HSA supports you for both routine and emergency doctor visits. With your HSA, you no longer need to worry about the expense of medical consultations. Your HSA can be used to cover the cost of services at our Care Clinic. This includes general medical consultations, specialized screenings, and diagnostic tests, all provided by experienced healthcare professionals dedicated to your well-being. So whether it’s an annual visit to the doctor for preventive care or an urgent consultation with a specialist, your HSA makes sure you can see a doctor without stressing about the cost.
2. Pay for medications
Whether you’re prescribed a one-time drug for a sudden illness or need regular prescriptions to manage chronic conditions, your HSA provides the financial support necessary to cover your medication needs.
With Clafiya’s HSA, you can access a wide network of pharmacies through our Health and Wellness Hub which offers exclusive discounts. These discounts significantly reduce out-of-pocket costs, making your drugs more accessible and helping you maintain your treatment regimen without financial stress.
3. Pay for specialised healthcare services and dental care with your HSA
Your HSA covers specialised healthcare services like visual, dental, dermatological, and gynaecological care. This includes eye exams, glasses, dental check-ups, procedures, skin treatments, and reproductive health check-ups.
Our Health and Wellness Hub provide access to a network of professionals in these fields, that offer discounts catering to your needs. Whether you need a routine eye exam, a dental cleaning, skin treatments or a consultation with a gynaecologist, your HSA supports you every step.
4. Invest in wellness services
Your regular health plans might not cover costs like gym memberships, yoga classes, or spa treatments but it doesn’t mean they aren’t important for your overall well-being. This is where the HSA stands out because we recognise that engaging in regular physical activity and participating in mindfulness practices not only enhances your physical health but also promotes mental and emotional well-being.
From gym memberships and yoga classes to wellness retreats, your HSA allows you to access a wide range of services that promote physical fitness and mental well-being. The best part is that you can find everything from state-of-the-art fitness centres to professional wellness counselling services in our Health and Wellness Hub with the added benefit of exclusive discounts.
5. Cover the cost of medical equipment
When we say your HSA is dedicated to your overall well-being, we mean it. They just don’t cover regular routine visits or wellness services. They also go a step further to cover costs associated with medical equipment, which are often important for maintaining optimal health, especially for those living with chronic conditions, disabilities, or people in their old age.
Whether you need mobility assistance equipment like wheelchairs or walkers, monitoring devices such as blood pressure monitors, glucose meters for diabetes management, or respiratory aids like nebulizers and oxygen concentrators, your HSA is there to support you. And guess what? You can find them in stores in our Health and Wellness Hub.
6. Cover therapy and counselling services
Whether it’s managing stress from work, working through traumatic experiences, or dealing with anxiety and depression, your HSA is there to support you with therapy sessions and other mental health care services beneficial to your well-being. The best part is, with the exclusive discount our Hub offers, you can take good care of yourself without breaking the bank.
7. Use it for hospital stays
Hospital stays, whether planned or unexpected, can be a significant financial burden. Your HSA can be a lifeline in such situations. If you need to be admitted to the hospital for any reason, such as surgical procedures, childbirth, or treating illnesses, your HSA can help cover these costs.
It covers a variety of inpatient services including room and board, meals, nursing care, and any other services and supplies that are part of your inpatient treatment. It can also help with the cost of procedures performed, medications administered, and any necessary medical equipment you might need during your stay.
8. Cover the costs of diagnostic lab tests
Diagnostic lab tests are important to help doctors diagnose diseases, track the progress of treatment, check the effectiveness of medications, and screen for various conditions. However, these tests can often be quite expensive and can cause financial strain, especially if you need them often to manage a chronic condition. This is where your HSA steps in.
Your HSA is designed to help you manage the costs of these necessary diagnostic lab tests. Whether it’s a routine blood test, a more specialized test such as genetic testing, or even regular screenings like mammograms or colonoscopies, your HSA funds can be used to cover these costs. This way, you’re able to take proactive steps towards better health, knowing you’re financially covered.
9. Cover alternative treatments
Your HSA can also pay for alternative treatments. This includes things like acupuncture and homoeopathy. Traditional health plans often do not cover these types of treatments. But with your HSA, you can use your funds to pay for them.
This puts the choice of your healthcare in your hands.
10. Save for the future
In simple words, your HSA is a special account committed to your health and wellness needs. Your HSA helps you save for the future, earn, and make payments easy, all while providing access to quality health and wellness services at discounted rates.
The money in your HSA not only earns a 7% interest, it also so never expires. And because your HSA gives you access to top-notch health and wellness services and products at discounted rates, you get to save up to 30% in healthcare expenses. This allows you to plan for various life stages and events, such as prenatal care, childbirth, childcare, and even retirement, making sure your journey through these milestones is smooth.
The HSA is a valuable tool for anyone living in Nigeria. From the young man saving money for his wedding, to the busy mum who juggles taking her career with taking care of her kids. It’s also for you, the one reading this article right now. Your HSA helps you take care of your health without worrying about money. So why wait?
