Can my Citibank® HSA Debit Card MasterCard, HSA Checks and Online Bill Pay access funds in my investment account to pay for medical expenses?
No. Your debit card, HSA checks and online bill pay can only access funds in your cash account. If you anticipate medical expenses beyond the amount in your cash savings account, you will need to liquidate some or all of your funds to cover the expenses. Once this is done, your Citibank HSA Debit Card MasterCard, HSA Checks and Online Bill Pay can access your account balance and be used to pay for medical expenses. Citibank will not automatically liquidate investments to pay for medical expenses if you have an insufficient balance in your cash savings account.
Related Questions
- If the employee’s family is not covered under the employees’ qualified HDHP, can the employee still use his or her HSA funds to pay their qualified expenses?
- Can my Citibank® HSA Debit Card MasterCard, HSA Checks and Online Bill Pay access funds in my investment account to pay for medical expenses?
- Can HPRP funds be used to pay for application fees, credit reports, and/or criminal background checks?
