How do I check my HSA balance?

There are several ways you can find the balance of your HSA:

1. Sign in to your HSA using digital banking at TheHSAAuthority.com.
2. View your most recent eStatement.
3. Use Text Banking (if you have this feature set up).
4. Call our Client Care team at 1-888-472-8697.

How do I access my health savings account?

Use Your Health Benefits Card – Your HSA Bank Health Benefits Debit Card provides access to your HSA funds at point-of-sale with signature or PIN1. HSA Bank limits point-of-sale debit card transactions to medical merchants. Debit card transactions are limited to your current balance2.

Can I cash out my HSA?

Yes. You can withdraw funds from your HSA anytime. But keep in mind that if you use HSA funds for any reason other than to pay for a qualified medical expense, those funds will be taxed as ordinary income, and the IRS will impose a 20% penalty.

Can I use HSA for gym membership?

Yes, it could — if you prove the expense is medically necessary. General fitness expenses don’t qualify for HSA/FSA use, but things change when a physician or nurse practitioner prescribes an exercise regimen. For example, a physician might prescribe weight training or aerobic activity to lower blood pressure.

Can I buy groceries with my HSA card?

The card itself may have restrictions on where you can spend—and on what. For example, your card might not work if you try to use it at a supermarket or convenience store. If you can’t run a transaction using your HSA card, you will have to submit your expenses for reimbursement after the fact.

How do I use my HSA money?

Using Your HSA Funds You can use it just like a regular debit card for transactions in-store, online, at the doctor, and at other medical merchants. Even use your card through your mobile wallet by connecting it to your Apple Pay®, Samsung Pay, or Google Pay™.

Do I lose my HSA money if I dont use it?

Unlike other types of medical spending accounts, HSAs are not subject to the “use-it-or-lose-it” provision that would cause you to forfeit any unused funds by the end of the year. And, as a portable account, the HSA remains yours even if employment changes.

What happens to money in HSA if not used?

HSA money is yours to keep. Unlike a flexible spending account (FSA), unused money in your HSA isn’t forfeited at the end of the year; it continues to grow, tax-deferred.

What happens to HSA funds not used?

Can I buy a Fitbit with my HSA?

A fitness tracker device, such as a Fitbit, is only eligible for reimbursement with a Letter of Medical Necessity (LMN) with a flexible spending account (FSA), health savings account (HSA) or a health reimbursement arrangement (HRA).

What happens if I overdraw my HSA?

Withdraw the excess contributions no later than the due date of your tax return for the year the contributions were made.

Take out any income earned on the withdrawn contributions during the year they were made.

Include the earnings in “Other Income” on the tax return for the year you withdraw the contributions and earnings.

How to check my balance on my health saving account?

Setting up an HSA. You are eligible to set up and contribute to a health savings account if you have a qualified high-deductible health plan.

Using HSA Funds. You can use your HSA funds to pay for a variety of qualified medical expenses,including doctor and dentist visits,ambulance services,vision care and prescription drugs.

Tax Penalty.

What banks offer HSA accounts?

Lively. “Free health savings account for individuals.

Fidelity Investments. Fidelity is well-known for its investment offerings,including employer-sponsored 401 (k)s.

HSA Bank. HSA Bank has many of the features common with modern HSAs such as online access and a mobile app.

Optum Bank.

How to log into HSA account?

HSA Bank Mobile gives you the tools to take control of your health accounts. Safe and secure, the mobile app offers real-time access for all your account needs, 24 hours a day, seven days a week. Download HSA Bank Mobile for Free. HSA Bank Mobile is compatible with iOS devices (iPhone, iPod Touch, iPad) and Android-powered devices.