Can I use my HSA debit card at any store?

• Walgreens. Use your HSA or FSA card to purchase qualified products in store or online. Shop Walgreens.com.
• CVS. Shop an assortment of qualified items for purchase with your HSA or FSA card. Shop CVS.com.
• Target. Purchase qualified products online or in store using your HSA or FSA card. Shop Target.com.

What happens if I accidentally use my HSA card for food?

Yes, you read that correctly—even if you accidentally paid for a burger with your HSA debit card, you will have to report it on your annual income tax return and pay taxes on it. If you're under 65 and spend the money on unqualified purchases, you must also pay a 20% penalty on top of the income tax.

Can I swipe my HSA card for gas?

No. Our card helps you stay in compliance with IRS rules and can be used at health related merchants and vendors to pay for your eligible health expenses. Even if you accidentally try to use your HSA card for a tank of gas, or movie tickets, your HealthEquity debit card won't let you make that mistake.

What can I not use my HSA card for?

Generally, you can't use your HSA to pay for expenses that don't meaningfully promote the proper function of the body or prevent or treat illness or disease. Nutritional supplements and weight loss programs not prescribed by a physician are examples of expenses that would not be covered by your HSA.

Can I use my HSA card for a gym membership?

While some companies and private insurers may offer discounts on gym memberships, you generally can't use your FSA or HSA account to pay for gym or health club memberships. An exception to that rule would be if your doctor deems fitness medically necessary for your recovery or treatment.

Can I withdraw money from my HSA at an ATM?

Your HSA Bank Health Benefits Debit Card provides access to your HSA funds at point-of-sale with signature or PIN and at ATMs for withdrawals.

Can I use my HSA card for whatever I want?

HSAs may earn interest that can't be taxed. You generally can't use HSA funds to pay premiums. Once you turn 65, you can use the money in your HSA for anything you want. If you don't use it for qualified medical expenses, it counts as income when you file your taxes.

Can you buy a bed with HSA?

According to the HSA Store, "A mattress expense is only eligible when its components and construction costs exceed those of a standard mattress for general health." To use your funds for a new mattress, you'll need to provide a letter of medical necessity (LMN) from a medical professional stating you have a medical ...

Do gas stations take HSA cards?

For example, you can use your card at a pharmacy or doctor's office, but not at a gas station. This is to help ensure that you use your HSA funds for qualified expenses and avoid potential tax penalties.

What stores can you use HSA cards in?

Online Shopping with HSA Cards: Where and How

Online Pharmacies: Websites like CVS, Walgreens, and other reputable online drugstores allow you to purchase prescription medications, over-the-counter drugs, and a variety of health and wellness products using your HSA card.

Why is my HSA card being declined when I have money?

Card declines can occur because funds have expired, new cards have been issued, the card does not have sufficient funds or various other reasons. You typically find the contact information for your plan administrator on the back of your FSA/HSA card.

Can I use my HSA card at Target?

Target stores

Third-party credit cards: Visa®, Mastercard®, Discover®/Novus®, American Express®, credit cards from foreign banks (JCB Japanese Credit Bureau), Diner's Club International, and FSA/HSA cards are redeemable for FSA/HSA eligible items. Debit/ATM and EBT cards: U.S.-issued debit/ATM cards.

Can I use HSA for groceries?

No, you can't use your Flexible Spending Account (FSA) or Health Savings Account (HSA) for straight food purchases like meat, produce and dairy. But you can use them for some nutrition-related products and services. To review, tax-advantaged accounts have regulatory restrictions on eligible products and services.

Can HSA pay for massage?

Your HSA can pay for massage therapy, though you'll likely need a letter of medical necessity (LMN) from your doctor. An LMN states what condition the treatment is for, how many sessions you need, and any other relevant details. An HSA may also be used on alternative or holistic treatments, such as: Massage therapy.

Is the Apple Watch covered by HSA?

Even though Fitbits and Apple Watches measure important health data, they currently do not qualify for HSA reimbursement, as they are considered for general health use and not intended to treat or manage a specific medical condition.

What happens if I accidentally use my HSA card for non-medical expenses?

You can repay the incorrect distribution before filing your federal taxes for that tax year. However, if you do not correct the mistake, the unqualified amount will be subject to income tax, and you may also face an additional 20% tax penalty.

What is the 12 month rule for HSA?

About the IRS' last-month rule testing period and penalty

It means you must remain eligible for the HSA until December 31 of the following year. The only exceptions are death or disability. If you violate the testing period requirement, your ineligible contributions become taxable income.

Can I buy deodorant with HSA?

Deodorant reimbursement is not eligible 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).

Will my HSA debit card work anywhere?

Your Health Savings Account (HSA) card is a debit card tied to your HSA. It allows you to access your funds for qualified medical expenses and can be used anywhere Mastercard® debit cards are accepted.

Are diapers HSA eligible?

Although diapers are not currently eligible for HSA reimbursement, it is important to note that HSAs are designed to help individuals save for qualified medical expenses. These expenses typically include doctor visits, prescription medications, and medical procedures.

What happens to unused HSA funds?

Unlike many flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs), unused HSA funds automatically carry over to the following year. Even if your employer provided the account and made contributions, the account belongs to you — so any remaining funds are carried over every year.