Funding -  you may contribute to your HSA on a pre-determined schedule throughout the year.

Accessing funds - you can pay for your payment cards, payout of pocket, request reimbursement online, or use the mobile app. Always keep your receipts as you may need them for an IRS audit.

Requesting reimbursement - it is quick and easy to submit requests for reimbursement and upload receipts online or using the mobile app.

Reimbursement processing - promptly process your requests and reimburse by checking or direct depositing. You receive money sooner in direct deposits.

Account management - you can check your balance, review claims activity, and access valuable tools just by logging in to your mobile account.

Tax savings - HSA provides tax deductions when you contribute to your account and a tax-free income when your employer contributes to your account. It also provides tax-free earnings through investments and tax-free withdrawals for qualified medical expenses. Affordability - HSA carries higher deductible but lower monthly premiums. The savings from lower premiums can be put in the funding of the HSA. Flexibility - allows you to pay your current medical expenses or save money for future needs. The money saved can be invested, and your account can grow through tax-free investment earnings. Ownership and portability- accounts are entirely portable, which means that you can keep your HSA even if you change jobs, change your medical coverage or become unemployed.

Yes, you can withdraw money from your HSA account at any time and for any purpose. However, suppose the money is used for an ineligible expense. In that case, the expenditure will be taxed, and the individuals who are not disabled or over age 65 are subject to a 20% tax penalty.

Yes, you can change the amount you contribute to your HSA at any time during the year. If you change the amount contributed via payroll on a pre-tax basis, check with your employer. You can also make non-payroll contributions changes using the contribution center in your online account. This allows you to make or change contributions regularly or on a one-time basis.

Yes, the contributions to HSAs can be made by you, your employer, or both. All the contributions are determined by whether you have contributed the maximum allowed or not. If your employer is contributing some of the money to your account, you can make up the difference. If your employer contributes to your HSA account, the contribution is not taxable to you, the employee.