Health Savings Account (HSA) from ConnectYourCare
Paying for health care is now easier and less expensive with a Health Savings Account (HSA) from ConnectYourCare. This guide covers HSA basics, using your account, eligible expenses, frequently asked questions, investment options, and more.
What is an HSA?
An HSA is like a 401(k) for health care. HSAs are tax-advantaged accounts that accumulate interest and can earn investment returns. The funds can be used to pay for qualified medical expenses today or can be saved for future expenses. It is owned by you, is 100% vested from day one, and lets you build up savings for future needs.
Using Your Health Savings Account
We make it easy to access and use your account funds. There are two ways to pay for health care. Remember to save your itemized receipts in case they are requested during tax time.
- Use Your Payment Card: This is the simplest way to purchase health care! Pay using your payment card. Then, log on to your
online account regularly to check your balance.
- Pay with Personal Funds and Request Reimbursement: Pay using your own personal credit card, cash, or check. Then, log on to your account online or with our mobile app to file for reimbursement. You can receive reimbursement funds via check or direct deposit.