How would my employee reimburse themself for qualified medical expenses if they pay a medical bill out of their regular account?
They would simply write a check* from their HSA account to reimburse themselves for the expense. They should keep a record of their expenses to prove that the distribution was made for qualified medical expenses. *Fees may apply.[ top ] • How would my employee transfer their HSA to another financial institution? The account holder should go to the new financial institution and complete a “Request for Transfer to a Health Savings Account” form. That institution will mail the completed form to us and once received, we will close the account and send the funds to the new financial institution. If you have any questions please call 1-877-367-4HSA.[ top ] • How is the account accessed? A Visa® debit card(s) is issued to the account holder as soon as the account is set up. Account holders can also sign up for OnLine Access, our Internet banking solution, to have access to their account or make transfers between other accounts held at our bank; Bill Pay is also available with this service.* C
Related Questions
- Can I use the Employee Reimbursement Account program to pay the qualifying medical expenses of my domestic partner, his/her dependents or my adult child?
- When must a distribution from an HSA be taken to pay or reimburse, on a tax-free basis, qualified medical expenses incurred in the current year?
- How would my employee reimburse themself for qualified medical expenses if they pay a medical bill out of their regular account?
