HSA resources
Take full advantage of your health savings account.
41 articles
HSA Basics
What's a health savings account? Start here to learn all about this triple-tax-advantaged account.
- Comparing HSAs to FSAs, HRAs, and 401(k) plansWhat's the difference between an HSA and an FSA, HRA, or 401(k)?
- Find the account number for your HSALooking for the account number or routing information of your health savings account? Here's where to find it.
- Federal law requirements for sensitive data like social security numbersLearn why you're asked to share sensitive data like social security numbers (SSN).
- Getting started with HSAsWhat's a health savings account and how does it work? Here is a quick guide to give you a well-informed start!
- The FDIC & HSAsLearn whether health savings account funds are insured by the FDIC.
HSA Corrections
Learn how to correct an overcontribution, unqualified expense, refund, or rollover.
- Fixing a rollover marked as a contributionYour rollover got labeled as a new contribution? Here's how to fix the category.
- Correcting an overcontributionContributed more than your annual limit, or made a deposit you didn't mean to? Here's how to withdraw it.
- Fixing a refund miscounted as a contributionGot refunded for something you paid with your HSA? Here's how to keep it from counting as a new contribution
- Correcting an unqualified expenseSpent HSA funds on something that wasn't qualified? Here's how to fix it.
HSA Contributions
Learn how to deposit funds into your account and IRS rules regarding contributions.
- Access the HSA contributions trackerUse the HSA Contributions Tracker to calculate your contributions.
- Making HSA contributions for the previous tax yearLearn more about making a last-minute contribution for the previous tax year with your health savings account.
- Understanding HSA contributionsWant to know how much you can save this year on taxes with your health savings account?
- Mid-year changes and your HSA contribution limitLife happens, and it can change how much can be contributed to an HSA mid-year. Here's how to figure out the right limit in every situation!
- Contribute to your HSAReady to add funds to an HSA? Here's how to contribute by bank transfer, paycheck, or mail.
HSA Eligibility
Understand eligibility rules for health savings accounts
- Rules for HSAs and adult children under 26Can non-dependent children open up a separate health savings account? Can you cover their medical expenses? Let's review.
- Rules for HSAs when leaving a high deductible health plan (HDHP)If you're no longer on an HDHP, you can't contribute to a health savings account but may continue paying for qualified medical expenses.
- Exceptions to the HDHP requirement for HSAsCan you be covered under a non-HDHP plan and still contribute to a health savings account? Likely not, but there are exceptions.
- Medicare enrollment and HSAsEnrolled in Medicare Part A or Part B? Already have an established health savings account? Let's discuss.
- Eligibility requirements to open an HSADo I qualify for an HSA? Learn more here!
HSA Investing
Learn how to invest HSA funds
- Supported HSA investing options: ETFs, mutual funds, and stocksLearn here about the investment assets supported on this platform for investing health savings account funds.
- Understand HSA cash and investment balancesYour health savings account balance is a sum of your cash and investment balance. Learn what these balances mean and why they matter.
- Make an HSA investment trade (buy or sell)We're making trades, baby! Learn how to buy and sell investment securities with your health savings account.
- HSA investment FAQHere are answers to frequently asked questions about HSA investing.
- Invest your HSA fundsHealth savings accounts offer tax-free investing and growth. Learn how to invest your HSA funds on our platform.
- Deactivate your HSA investment accountDo you have a health savings account and want to deactivate your investment account? Here’s how.
- Set up automatic investments for your HSALearn how to activate Auto Invest so you can put your HSA investment strategy on cruise control.
HSA Life Events
Understand how life events can impact your HSA
- Divorce law and HSAsWhat happens to health savings account assets during a divorce? Find your answers here.
- Bankruptcy law and HSAsAre health savings accounts safe from debt collectors? It depends on your state of residence.
- Navigating disability with an HSAUnderstand how to use your health savings accounts if you are diagnosed with a short-term or long-term disability.
- Select beneficiaries for your HSADecide who you'll select as the beneficiary for your health savings account funds by understanding the tax implications of your selection.
HSA Spending
Understand HSA rules for qualified medical expenses
- HSA reimbursement deadlinesIs there deadline for health savings account reimbursements? Not really, but some dates do matter.
- ATM withdrawalsYou might be wondering, "Why can’t I withdraw money from the ATM with my HSA card?"
- Exceptions permitting HSA funds for premiumsSee the four cases where HSA funds can cover insurance premiums.
- Using your HSA for your family's medical expensesSee who qualifies for HSA-covered expenses: Your spouse, dependents, and a few exceptions.
- Recordkeeping for HSA expensesWondering whether you need to keep receipts for your HSA spending, or what to do if you've lost one? Here's what to know.
- Categorize funds leaving your HSAWithdrawing funds from your HSA and unsure what to pick? Learn the difference between Qualified, Unqualified, Correction, and Rollover.
- Qualified medical expenses for HSAsYour health savings account has a lot of eligible expenses. Review this list of qualified medical expenses to ensure you maximize your HSA!
- Shop with HSA StoreLearn how to use your Health Wallet to buy HSA-eligible products
- Categorize funds coming into your HSADepositing funds into your HSA and unsure what to pick? Learn the difference between New Contribution, Reimbursement Correction, and Rollover.
- IRS penalties for unsubstantiated or non-qualified expensesLearn what triggers the 20% IRS penalty on HSA distributions and how audits check for it.