Does an HSA cover the purchase of an Oura Ring?

An HSA, which stands for Health Savings Account, is intended to cover eligible medical expenses as defined by the IRS. Generally, an Oura Ring, which is a consumer wellness and sleep tracking device, would not be considered a qualified medical expense unless it was specifically recommended by a healthcare provider for the diagnosis, treatment, or prevention of a medical condition. As such, an HSA typically does not cover the purchase of lifestyle or fitness gadgets like an Oura Ring. If there is any doubt regarding eligibility, one should consult with their HSA administrator or review IRS guidelines on qualified medical expenses.