How does a HealthEquity card work?

Asked by: Lionel Bins  |  Last update: August 14, 2023
Score: 4.9/5 (43 votes)

Your card can be used everywhere Visa debit cards are accepted for qualified expenses that are allowable according to your plan details, such as the pharmacy counter or doctor's office. This card will not work at ATMs, gas stations, restaurants, or other establishments not health related and you cannot get cash back.

How do I use my HealthEquity card?

Once activated, use it like a regular credit card to pay for your plan-allowed qualified medical expenses. Please note, while using your HealthEquity account card: All account cards have a $5,000 daily spending limit (subject to change based on transaction criteria). Cards cannot be used at an ATM.

Can I use my HealthEquity card for groceries?

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.

Can I withdraw money from my HealthEquity card?

Your card can be used everywhere Visa debit cards are accepted for qualified expenses. This card cannot be used at ATMs and you cannot get cash back, and cannot be used at gas stations, restaurants, or other establishments not health related.

How does a HealthEquity account work?

Health savings account (HSA) overview

HSA-qualified health plans typically cost less than traditional plans and the money saved can be deposited into an HSA for immediate use or long-term savings. HSA balances earn tax-free interest, roll over from year to year and can be invested to accelerate growth.

HealthEquity Claims and payment overview

21 related questions found

What can I use my HealthEquity debit card for?

Your card can be used everywhere Visa debit cards are accepted for qualified expenses that are allowable according to your plan details, such as the pharmacy counter or doctor's office.

Can I use my HealthEquity card to pay bills?

Pay invoice with HSA

You can pay with your HSA debit card or set up an online payment that is sent directly to the provider or as a reimbursement to you.

Can you transfer money from HealthEquity to bank account?

Complete Online You can add your bank account details in the HealthEquity member portal to make it easier to send and receive money via electronic funds transfer (EFT).

Can I use my HealthEquity card on Amazon?

There's exciting news for those of you with Flexible Spending Accounts (FSAs) or Health Savings Accounts (HSAs). Amazon has stepped up its game and is now accepting FSA and HSA cards as a payment method for eligible products.

Can I use my HealthEquity card at Walmart?

Does Walmart.com accept FSA or HSA cards? If you are looking to use your FSA or HSA card online or in-store on FSA-eligible product, you will likely have a hard time depending on your card issuer. That is because Walmart.com does not accept FSA or HSA cards at this time. This is listed in their FSA & HSA Shop FAQ.

Can I use my HealthEquity card for anything?

Most providers will also accept the card over the phone, online or written-in on the statement for payment. In order for your card to work, you must have the balance available in your HSA; no overdraft is available. The card will not work at ATMs and will only work at appropriate medical facilities.

What items can I buy with my HealthEquity card?

General
  • Prescriptions Rx
  • Doctor Fees.
  • Crutches.
  • Flu Shot.
  • Hearing Aids.
  • Motorized Wheelchair.
  • X-Rays.

Can you buy toilet paper with HSA?

Toiletries are 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 toiletries?

Can I use my HealthEquity card at Walgreens?

Walgreens. Use your HSA or FSA card to purchase qualified products in store or online.

What is the minimum balance for HealthEquity?

There is no minimum balance to participate in our cash account. In order to invest in mutual funds, your HSA cash balance must meet a minimum threshold of $1,000. Contact HealthEquity member services at 888.462. 1896, or visit the Investments section of your HealthEquity member portal to learn more.

Can I use my HealthEquity card for dentist?

What can I pay for with my account? Medical expenses, including many dental and vision expenses, are generally considered eligible if they cover the diagnosis, treatment, or prevention of disease, and the costs for treatments affecting any part or function of the body.

What can I not use my HSA card to buy?

Examples of no-nos from the IRS include vacations and vitamins. Other items that aren't eligible include maternity clothes, funeral costs, child care for healthy babies, toiletries, over-the-counter medicine, swimming lessons and elective cosmetic procedures.

Does HealthEquity charge a fee?

$1.00 per monthly statement (avoided with electronic statements). maintenance fee. If you change health plans or employers your account may be directly charged up to $3.95 per month. recommend that you switch your account preference settings to electronic statements.

How much is the account closing fee for HealthEquity?

To authorize HealthEquity to close your health savings account (HSA), complete this form. A closure fee of up to $25.00 may apply.

How does HealthEquity reimbursement work?

An HRA is a specific type of fund account that can be combined with a health care plan to allow you to be reimbursed for certain out-of-pocket medical expenses. Your employer allocates a set amount of money to your account, and you can use this money to pay for eligible expenses.

Can I use my HealthEquity card at Target?

Does Target accept FSA or HSA cards in-store? According to Target's payment option help page, Target does accept FSA and HSA cards in-store if they are spent on FSA & HSA-eligible items.

Can I use my HSA card as a debit?

You can use it just like a regular debit card for transactions in-store, online, at the doctor, and at other medical merchants. Digital Wallet - Use your card through your preferred mobile wallet: Apple Pay®, Samsung Pay, or Google Pay™.

What kind of card is HealthEquity?

Your Healthcare Flexible Spending Account (FSA) debit card* makes it quick and easy to pay for eligible healthcare expenses. When you swipe your card at checkout, choose "credit" (even though it isn't a credit card).

Can I buy Gatorade with my HSA card?

Rehydration sports drinks, such as Gatorade, and solution with dietary supplements other than electrolytes are not eligible.

Can I use my HSA for gym membership?

Physical therapy is an approved medical expense. Can I use my HSA for a gym membership? Typically no. Unless you have a letter from your doctor stating that the membership is necessary to treat an injury or underlying health condition, such as obesity, a gym membership isn't a qualifying medical expense.