How To Set Up An Hsa Bank Of America

How to Use Your Wellness Savings Account

Presentation Only - Contribution Icon

Contribute to Your Health Savings Account (HSA)

Contributing to your Wellness Savings Account (HSA) is easy and user-friendly. HSA Banking concern provides multiple ways for you to make a contribution to your account.

Payroll Deductions – If you accept a health plan through your employer, you may be able to brand pre-tax contributions to your HSA from your paycheck. Contact your employer for more information nigh this choice.

Online Transfers – You can contribute to your business relationship through our Member Website past following the below steps:

Click on "Pay Bill/Contribute" within the Member Website.
Click on "Add Bank Business relationship" to add your external personal savings/checking business relationship.
A small deposit will be made into your business relationship. To activate your account, you'll need to confirm the amount.
Subsequently your bank account is activated, return to the "Pay Neb/Contribute" page to schedule a one-time or recurring contribution into your HSA.

You lot tin can also watch this instructional video to learn how to set up transfers to your HSA.

Transfers or Rollovers – IRS regulations allow the transfer or rollover of funds to an HSA from an existing HSA or MSA (Medical Savings Account). To larn more about consolidating your HSA accounts or transferring funds, visit hsabank.com/transfer.

Presentation Only - Expenses Icon

Pay for IRS-Qualified Expenses With Your Health Savings Account

It'south piece of cake to pay for IRS-qualified healthcare expenses with your HSA. We offering several convenient options to pay for current or time to come healthcare expenses, which include deductibles, co-insurance, prescriptions, vision, dental intendance, and more than. For more than information on IRS-qualified medical expenses, click here.

An HSA is a unique revenue enhancement-advantaged account that can exist used for current or future healthcare expenses. To pay for a service or make a purchase, y'all need to accept the available funds in your account.

Use Your Wellness Benefits Card – Your HSA Bank Health Benefits Debit Carte du jour provides admission to your HSA funds at point-of-auction with signature or Pin¹. HSA Bank limits point-of-auction debit card transactions to medical merchants. Debit card transactions are limited to your current balance².

You can designate an authorized signer and request a debit bill of fare for them at any fourth dimension on the Member Website.

Use Online Bill Pay – Yous can use our online Bill Pay system to pay a provider directly from your HSA. To access Bill Pay, log into the Member Website or mobile app and click on "Pay Bill/Contribute."

Never used the Member Website? Get access today!
Download the mobile app for gratis from iTunes or Google Play.

Note: Before y'all download and begin using HSA Bank Mobile, you must first have created a username and password on the Member Website.

While the HSA Mobile app is free to download, message and data rates may apply. Check with your mobile services provider for whatever charges that may apply for data usage on your mobile device. Delight refer to the Online Services Agreement for farther details regarding HSA Bank mobile banking services.

Write a Cheque – Yous can gild a book of 50 checks to pay for routine and point-of-auction purchases³. Merely log into the Member Website, select Banking/Cards under the Accounts menu, and and so Society Checks. Delight allow two to three weeks for delivery of checks.

Presentation Only - Reimburse Icon

Reimburse Yourself for Out-of-Pocket Medical Expenses

Did you know that you tin can pay yourself back from your HSA for IRS-qualified medical expenses that were paid out of pocket? We offering multiple options for accessing your funds.

HSA Banking company Health Benefits Debit Card – You can apply your HSA Bank Health Benefits Debit Card at an ATM^four to reimburse yourself for eligible expenses paid out-of-pocket (a transaction fee may use).

Note: When withdrawing HSA funds from an ATM, exist certain to select the "checking" option (not savings) when asked the type of account you are withdrawing from.
Online Transfer – On HSA Bank's Member Website, you can transfer funds from your HSA to an external bank account, such as a personal checking or savings account. There is a daily transfer limit of $2,500 to safeguard against fraudulent activeness.
Checks – Utilize your HSA Bank checks to reimburse yourself for an IRS-qualified medical expense already incurred. Simply write a bank check from your HSA to yourself and deposit it into your external personal checking or savings account.

Notation: You volition exist able to reimburse yourself for IRS-qualified medical expenses that you lot incur from the establishment appointment of your HSA. For example, if your HSA establishment date is January 1, yous can reimburse yourself for expenses incurred on or after that date.

Transaction fees may apply when HSA Bank Health Benefits Debit Card is used with a Pin. For applicable fees, run across your HSA Bank Interest and Fee Schedule or Explanation of HSA Bank Fee Changes document.

Your HSA Bank Health Benefits Debit Carte du jour provides access to your HSA funds at bespeak-of-sale with signature or Pivot and at ATMs for withdrawals. The daily debit card limit for the Health Benefits Debit Card is $5,000 at merchants dedicated to healthcare (e.g. a doctor's office or hospital) and $3,500 at merchants that are not healthcare specific but offer eligible medical products and/or services (e.g. a department or grocery shop). The number of debit card transactions allowed per solar day is express and varies based on how the carte du jour is used or types of transactions processed. These limits be as a safeguard against fraudulent activity. For more information, please call the number on the back of your Health Benefits Debit Card.

iii

Bank check your Health Savings Business relationship Fee and Interest Charge per unit Schedule for any applicable fees for ordering checks.

Fee per ATM withdrawal may utilize.