FAQs

What is an HSA account?
An HSA is a tax-sheltered trust account that you own for the purpose of paying qualified medical expenses for yourself, your spouse, and your dependents.

Is there a minimum reimbursement amount I can request from my HSA?
Yes, Funds will not be disbursed until your reimbursement totals at least $25.00 or a higher amount based on the rules of the trustee administering the HSA.

Do I have to use my HSA to pay for my annual physical or flu shot?
No, preventative care is most always covered at 100%, sometimes with a small copay, or up to a maximum dollar amount such as $250.00.

Will I have to pay with my own money at the time of service?
It depends. Please see the health plan's brochure for specific information about getting medical care, or ask your human resources representative.

What happens to my health savings account if I switch health plans or job or if I leave my health plan?
You own your account, so you keep your HSA, even if you change health plans.

Do I have to keep all my receipts that show what I withdrew from my HSA account?
Yes, You should keep all of your receipts. If you are audited by the IRS, you may need to explain your expenditures.

For additional information, go to our resources page for additional reference sources.