Coconut oil has grown in popularity in recent years, amid claims that it can do everything from supporting weight loss to slowing the progression of Alzheimer’s disease. Top 10 Evidence-Based Health Benefits of Coconut Oil Contains healthy fatty acids. Coconut oil is high in certain saturated fats. ... May boost heart health. ... May encourage fat burning. ... May have antimicrobial effects. ... May reduce hunger. ... May reduce seizures. ... May raise HDL (good) cholesterol. ... May protect your skin, hair, and teeth.