Your Guide to Health Savings Accounts

The money in your HSA is yours to use as you wish for qualified medical expenses. You will pay for those expenses using a checkbook or debit card associated with your account. You don’t need approval from your HSA Administrator before using your funds.

If you are covered by your HDHP and have not met your policy deductible, you will be responsible for 100% of the amount agreed to be paid by your insurance policy to the physician. Your physician may ask you to pay for the services provided before you leave the office. If your physician does not ask for payment at the time of service, the physician will probably submit a claim to your insurance company, and the insurance company will apply any discounts based on their contract with the physician. You should then receive an "Explanation of Benefits" from your insurance plan stating how much the negotiated payment amount is, and that you are responsible for 100% of this negotiated amount. If you have not already made any payment to the physician for the services provided, the physician may then send you a bill for payment.

Learn More:
HDHPs and HSA Administrators
How Funds Are Used
Contribution Amounts
Tax Benefits
Qualified Medical Expenses
FAQs
Calculate Your Savings