You can use your card at
approved merchants that accept VISA cards
. Approved merchants include pharmacies, doctor's offices, vision centers, hospitals, grocery and warehouse stores that have pharmacies, and other health-care related businesses.
Can you use HSA debit card anywhere?
Your HSA card can only be used for eligible expenses at specific healthcare-related service providers or merchants where you can purchase healthcare goods or services
. Your HSA card has no cash access.
Can you buy food with your HSA card?
Yes! You can use your Health Savings Account (HSA) or Flexible Spending Account (FSA) to purchase any Ready, Set, Food!
What does my BenefitWallet cover?
These typically include
dental, vision, chiropractic, and many more day-to-day health care expenses
. The funds in your account can be used for other non-medical expenses, but distributions used for non-medical expenses are subject to ordinary income taxes, plus a 20% penalty if you are under age 65.
What happens if I accidentally use my HSA card for non medical expenses?
You can be charged a 20% penalty
if you use your HSA funds to pay for a non-qualified medical expense, which would have been $70 in my case (not to mention traditional income taxes would apply, too).
How do I withdraw money from my HSA card?
You can
submit a withdrawal request form
to receive funds (cash) from your HSA. If the cash is used to pay for ineligible purchases, it must be reported when you're filing your taxes. Once it's reported, it's subject to an income tax and treated as though it had never been in your tax-free HSA.
Can I use my HSA card for gas?
Fuel, gasoline for medical care reimbursement is eligible with a flexible spending account (FSA), health savings account (HSA) or a health reimbursement arrangement (HRA)
.
Can you use HSA card at Walmart?
Walmart doesn't currently accept HSA cards as a payment method
, though, so customers who buy items from its HSA Shop use a credit or debit card and then submit an order receipt to their plan administrator for reimbursement.
Can I use my HSA debit card at Walgreens?
Over the Counter Medical Supplies.
You can save on your next trip to Walgreens by using your HSA debit card to pay for band aids, condoms, contact lens solution reading glasses and first aid supplies
.
Can I buy toothpaste with HSA?
Toothpaste is not eligible for reimbursement with a flexible spending account (FSA), health savings account (HSA)
, health reimbursement arrangement (HRA), limited-purpose flexible spending account (LPFSA) or a dependent care flexible spending account (DCFSA).
What are approved HSA purchases?
- Copays for prescriptions and office visits.
- Crutches.
- Dental care (see below)
- Flu shots.
- Hearing aids.
- Prescription medications.
- Vision care (see below)
- Wheelchair.
Does BenefitWallet have an app?
The BenefitWallet app
is a secure, interactive mobile application for members to access their account information.
Are HSA funds FDIC insured?
HSAs as Single Accounts
If an owner of an HSA has not designated beneficiaries, then the FDIC will insure the HSA as the single account of the owner
. The insurance limit would be up to $250,000 for all single accounts, including any HSAs that a depositor has at the same IDI.
Can I transfer money from my HSA to my bank account?
Online Transfer –
On HSA Bank's Member Website, you can transfer funds from your HSA to an external bank account
, such as a personal checking or savings account. There is a daily transfer limit of $2,500 to safeguard against fraudulent activity.
Can I take money out of my HSA for non-medical?
The funds in an HSA can be used for general non-medical purposes, without penalty, once the employee reaches age 65
. Any withdrawn funds used for non-medical purposes are still subject to income taxes.
Can I use my HSA card at CVS?
Yes, we do take FSA and HSA payments
. Convenience is at the core of the service MinuteClinic provides to our patients. That's why we proudly offer flexible and convenient payment options for our health care offerings.
Can I use my HSA to pay for hotel?
They can also cover hotel and meal expenses during your stay
. You can use your HSA to pay for premiums on long term care insurance, COBRA (health insurance you might use if you become unemployed), and even Medicare if you are age 65 or older.
Can I buy toilet paper with HSA?
Lively, my pick for the top HSA account, maintains a very thorough list of qualified medical expenses that has been updated. Items like common deodorant, shampoo, soap, and toilet paper are
not eligible
.
