Frequently Asked Questions

HSA FAQs
HSA
FSA FAQs
FSA
HRA FAQs
HRA
Forms FAQs
FORMS

HSA FAQs

What is an HSA?
Is an HSA right for me?
Who is eligible to open an HSA?
What is a qualified high deductible healthcare plan (HDHP)?
Can I be covered under another health plan and still open an HSA?
What are the advantages of opening an HSA?
Which expenses are considered IRS-qualified medical expenses?
How do I use my HSA funds to pay for IRS-qualified medical expenses?
Can I use my HSA funds to pay for an expense that isn't "IRS-qualified"?
Do I need to submit receipts for my expenses?
Can an HSA be used to pay previous year expenses?
Can I use my HSA card at an ATM?
Where can I use my HSA?
How can I check my HSA balance?
Can I use my HSA for a spouse?
How much can I contribute to my HSA?
Who can contribute to an HSA?
What is a "catch-up" contribution?
Are HSA contributions tax deductible?
What if I don't use all of my funds within the year?
Do HSA funds rollover?
How do I transfer an HSA?
Can I invest my HSA?
How do I close my HSA?
What is HSA Bank's routing number?
What if I am no longer covered under a high deductible health plan (HDHP)?
Does HSA Bank have a mobile app?
What are the steps for using HSA Bank Mobile?

FSA FAQs

What is an FSA?
What are the benefits of enrolling in an FSA?
How does an FSA work?
What are the differences between Healthcare FSAs, Limited Purpose FSAs, and Dependent Care FSAs?
Can my Healthcare FSA funds be used to cover my spouse's healthcare expenses even if he or she is not covered by my health insurance plan?
How much can I contribute to my Healthcare FSA?
What if I don't use all of my funds within the year?
What happens if my employment ends?

HRA FAQs

What is an HRA?
What are the benefits of an HRA?
What types of medical expenses are covered by an HRA?
Can I contribute funds to my HRA?
Can I use an HRA if I have health insurance?
What can I pay for with my HRA?

Form FAQs

How can I access various member forms, such as Contribution & Withdrawal forms, Authorized Signer form, Designation of Beneficiary form, Change of Address form, etc.?