Health Savings Account Learning Center

Introduction What is an HSA? Why should I consider getting an HSA? What are qualified medical expenses? What insurance plans are HSA-compatible? How much can I contribute to my HSA? Is my money safe? » How do I use the funds in my HSA? How do the tax savings work? Why should I get my HSA through eHealthInsurance? How can I get an HSA? HSA Calculators How do I use the funds in my HSA? Using funds in your Health Savings Account is easy: •  Typically an HSA will provide you with a checkbook or debit card. When you pay for a qualified medical expense, use the debit card or check to make the payment. •  You do not need to get approval from the HSA administrator when you use funds in your account. •  You do not need to submit receipts to the HSA administrator, although you should save them just as you keep receipts for other items that are deducted from your taxes. NOTE: You must establish the HSA before you incur medical expenses otherwise the expenses will not qualify. The information above is provided for general purposes only and is not tax advice. eHealthInsurance urges you to consult with your accountant or tax advisor before opening a health savings account to determine if it is appropriate specifically for you.