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Free HSA Expense Tracker Available To Consumers

In the growing field of healthcare organizers, add “Doclopedia.”

Unlike its competitor offered by Intuit, this organizer is free.

Developed by HSA Tracker for Health Savings Account users, Doclopedia's HSA Tracker enables users to document the health-related nature expenses. It links the expense to a diagnosis and doctor's prescription as well as helping users discover what expenses are allowed as deductions by the IRS. Doclopedia is free to anyone in the U.S.

By signing up for a free account, users are able to input expenses relating to doctor visits, prescriptions, diagnostic tests, and durable goods into their account. Doclopedia will store the material and list it by health care provider, IRS category, and medical diagnosis. The HSA Tracker features a drop down window with categories of items allowed for deduction by the IRS, prompting health savings account holders with items that are allowed for deduction by the IRS.

Users will be able to generate reports based on the information they have entered, which will be especially helpful at tax time. Doclopedia also enables users to record their health care history, and provides access to a free market for health care goods and services.

"In order to qualify for deduction the funds in health savings accounts have to be spent on health care. Since medical records are legally protected, banks cannot legally provide any documentation regarding these expenses. Doclopedia introduced the HSA Tracker so that health savings account users could easily document their health care expenses, link them to their medical problems, and easily prepare a report for tax time" said Dan Lieberman, M.D., CEO of Doclopedia.

However, individuals should be warned that the site contains no information on the company or what it does with information save that it is HIPPA compliant.

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