{"id":8138,"date":"2024-11-16T11:47:43","date_gmt":"2024-11-16T19:47:43","guid":{"rendered":"https:\/\/myaci-benefits.com\/?page_id=8138"},"modified":"2025-02-14T12:51:21","modified_gmt":"2025-02-14T20:51:21","slug":"hsa","status":"publish","type":"page","link":"https:\/\/myaci.altimateqod.com\/us\/faq\/hsa\/","title":{"rendered":"FAQs: HSA"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container has-pattern-background has-mask-background gradient-container-1 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-color:#055f8c;--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-margin-bottom:0px;--awb-background-color:var(--awb-custom17);--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-color:#0c5497;--awb-bg-color-hover:#0c5497;--awb-bg-size:cover;--awb-border-color:var(--awb-custom17);--awb-border-style:solid;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1 fusion-text-no-margin\" style=\"--awb-text-color:#ffffff;--awb-margin-top:20px;--awb-margin-right:30px;--awb-margin-bottom:20px;--awb-margin-left:30px;\"><p style=\"font-size: 22px; line-height: 32px;\" data-fusion-font=\"true\">Here you\u2019ll find a list of frequently asked questions and answers about the Health Savings Account (HSA).<\/p>\n<\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-padding-left:20px;--awb-bg-color:var(--awb-custom17);--awb-bg-color-hover:var(--awb-custom17);--awb-bg-size:cover;--awb-border-color:var(--awb-custom17);--awb-border-style:solid;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\" data-scroll-devices=\"small-visibility,medium-visibility,large-visibility\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><style type=\"text\/css\">.fusion-faqs-wrapper #accordian-1 .fusion-panel { border-color:var(--awb-custom10); }.fusion-faqs-wrapper #accordian-1 .fusion-panel:hover{ border-color: var(--awb-color3); }.fusion-accordian #accordian-1 .panel-title a .fa-fusion-box:before{ font-size: 14px;width: 14px;}.fusion-accordian #accordian-1 .panel-title a .fa-fusion-box{ color: var(--awb-color1);}.fusion-accordian  #accordian-1 .panel-title a{font-size:18px;font-family:var(--awb-typography1-font-family);font-weight:var(--awb-typography1-font-weight);font-style:var(--awb-typography1-font-style);}.fusion-accordian  #accordian-1 .panel-title a:not(:hover){color:var(--awb-color7);}.fusion-accordian  #accordian-1 .toggle-content{font-family:var(--awb-typography4-font-family);font-weight:var(--awb-typography4-font-weight);font-style:var(--awb-typography4-font-style);}.fusion-accordian #accordian-1 .fa-fusion-box { background-color: var(--awb-color7) !important;border-color: var(--awb-color7) !important;}.fusion-accordian #accordian-1 .panel-title a:hover,.fusion-accordian #accordian-1 .panel-title a.hover { color: var(--awb-color6);}.fusion-faq-shortcode .fusion-accordian #accordian-1 .fusion-toggle-boxed-mode:hover .panel-title a { color: var(--awb-color6);}.fusion-accordian #accordian-1 .panel-title a:hover .fa-fusion-box,.fusion-accordian #accordian-1 .panel-title a.hover .fa-fusion-box { background-color: var(--awb-color6)!important;border-color: var(--awb-color6)!important;}.fusion-faqs-wrapper .fusion-accordian #accordian-1 .panel-title a.active{ color: var(--awb-color6) !important;}.fusion-faqs-wrapper .fusion-accordian #accordian-1 .panel-title .active .fa-fusion-box { background-color: var(--awb-color6)!important;border-color: var(--awb-color6)!important;}<\/style><div class=\"fusion-faq-shortcode\" style=\"\"><div class=\"fusion-faqs-wrapper\"><div class=\"accordian fusion-accordian\"><div class=\"panel-group \" id=\"accordian-1\"><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8135 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">What is an HSA?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-13T15:22:07-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8135\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8135\" href=\"#collapse-1-8135\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">What is an HSA?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8135\" aria-labelledby=\"faq_1-8135\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>An HSA is a special bank account for your eligible healthcare costs. You can put money into your HSA through pre-tax payroll deduction, deposits or transfers. As the amount grows over time, you can continue to save it or spend it on eligible expenses. The money in the HSA belongs to you and is yours to keep, even if you switch jobs. The funds roll over from year to year and can earn interest. You can only contribute to an HSA if you are enrolled in a high-deductible health plan, like the Albertsons Companies HSA Plan or Kaiser CA HSA Plan.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8566 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">How does an HSA work?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-14T09:22:14-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8566\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8566\" href=\"#collapse-1-8566\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">How does an HSA work?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8566\" aria-labelledby=\"faq_1-8566\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>It\u2019s just like a bank account, but for eligible medical expenses. Here\u2019s how it works:<\/p>\n<ol>\n<li>You put money in your HSA through weekly paycheck deductions, deposit or transfer.<\/li>\n<li>When you have an eligible expense, you can withdraw money from your HSA to pay for it. Like other bank accounts, you can make withdrawals with a debit card or check specific to the HSA.<\/li>\n<li>You can use the money in you HSA to pay for care until you reach your deductible, or for coinsurance after you reach it. Or pay for other eligible expenses not covered by your HDHP, like dental or vision care. Or, you can save the money and use it to pay for future health expenses, such as in retirement.<\/li>\n<\/ol>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8569 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">Are HSAs and HDHPs the same thing?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-14T11:33:00-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8569\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8569\" href=\"#collapse-1-8569\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Are HSAs and HDHPs the same thing?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8569\" aria-labelledby=\"faq_1-8569\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1-1 fusion-flex-container gradient-container-2 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"width:104% !important;max-width:104% !important;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-2\"><p>No. The term HSA is sometimes used to describe the whole plan, but there are actually two parts. An HSA is a savings account through a financial institution. It lets you save money and pay for eligible health care expenses. An HDHP is a high-deductible health insurance plan. Enrollment in the HDHP is what allows you to open an HSA.<\/p>\n<\/div><\/div><\/div><\/div><\/div>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8572 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">Do I need to have health insurance to have an HSA?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-14T09:27:44-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8572\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8572\" href=\"#collapse-1-8572\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Do I need to have health insurance to have an HSA?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8572\" aria-labelledby=\"faq_1-8572\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>Yes. To be eligible to open and contribute to an HSA, you need to be enrolled in a qualified high deductible health plan (HDHP)\u2014one with a minimum annual deductible of $1,350 for self-only coverage or $2,700 for family coverage.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8574 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">Who owns the HSA?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-14T10:05:37-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8574\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8574\" href=\"#collapse-1-8574\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Who owns the HSA?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8574\" aria-labelledby=\"faq_1-8574\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>You do. The money is always yours to keep and never expires, even if you leave the company or retire. If you enroll in Medicare or work for another employer that doesn\u2019t have a qualified HDHP, you can still use your HSA money to pay for qualified medical expenses, but won\u2019t be able to contribute to your HSA.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8576 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">How much money can I contribute to my HSA each year?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-14T10:07:34-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8576\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8576\" href=\"#collapse-1-8576\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">How much money can I contribute to my HSA each year?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8576\" aria-labelledby=\"faq_1-8576\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>In 2025, the annual maximum contribution set by the IRS for an individual account is $4,300 and the maximum contribution for family coverage is $8,550. People over the age of 55 can make an additional \u2018catch-up\u2019 contribution of $1,000 each year. These limits are the same regardless of the source of the contribution.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8578 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">Does the money in my HSA earn interest?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-14T10:09:28-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8578\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8578\" href=\"#collapse-1-8578\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Does the money in my HSA earn interest?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8578\" aria-labelledby=\"faq_1-8578\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>Yes. Best of all, the interest you earn on your HSA balance is tax-free!<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8580 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">Can I invest the money in my HSA?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-14T10:14:33-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8580\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8580\" href=\"#collapse-1-8580\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Can I invest the money in my HSA?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8580\" aria-labelledby=\"faq_1-8580\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>Yes. There\u2019s no minimum required to start investing, though certain funds may require a minimum amount. Sign in to your Fidelity HSA account at <strong><a href=\"https:\/\/www.netbenefits.com\" target=\"_blank\" rel=\"noopener\">www.netbenefits.com<\/a><\/strong> to select your investment elections. You can also talk to a Fidelity representative who can review your investment options, including stocks, bonds, treasury notes, short term investments and mutual funds. Call <strong>866-956-3433<\/strong>.<\/p>\n<p>If you need access to money you\u2019ve invested, you can sell those shares and convert those funds back into cash. There will be a slight delay before you have access to money you invested. You can contact a Fidelity HSA representative for more information on the process.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8584 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">Can I roll money from my IRA into my HSA?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-14T10:16:40-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8584\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8584\" href=\"#collapse-1-8584\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Can I roll money from my IRA into my HSA?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8584\" aria-labelledby=\"faq_1-8584\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>Yes. You can make a once-in-a-lifetime rollover from your IRA into your HSA. You can\u2019t, however, roll money into your IRA from your HSA. Note that an IRA rollover will count toward your annual contribution amounts.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8586 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">Who is eligible for an HSA?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-14T10:19:16-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8586\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8586\" href=\"#collapse-1-8586\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Who is eligible for an HSA?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8586\" aria-labelledby=\"faq_1-8586\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>To be eligible for an HSA, you must:<\/p>\n<ul>\n<li>Be covered under a high-deductible health plan (HDHP).<\/li>\n<li>Not be covered under an ineligible plan like a non-HDHP, Medicare or a healthcare flexible spending account (FSA), even under your spouse\u2019s plan.<\/li>\n<li>Not be claimed as a dependent on someone else\u2019s tax return.<\/li>\n<\/ul>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8588 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">I\u2019m retired. Can I still contribute to my HSA?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-14T10:21:47-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8588\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8588\" href=\"#collapse-1-8588\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">I\u2019m retired. Can I still contribute to my HSA?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8588\" aria-labelledby=\"faq_1-8588\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>Yes, as long as you are covered by a qualified HDHP and are not enrolled in Medicare. You can be eligible for Medicare and still contribute to an HSA as long as you are covered by an HDHP and not enrolled in Medicare.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8590 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">If my spouse is on Medicare, can I contribute to an HSA?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-14T10:22:58-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8590\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8590\" href=\"#collapse-1-8590\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">If my spouse is on Medicare, can I contribute to an HSA?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8590\" aria-labelledby=\"faq_1-8590\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>Yes. As long as you\u2019re not enrolled in Medicare yourself and are still enrolled in a qualified HDHP, you can contribute to your HSA.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8592 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">Can both spouses in a family contribute to an HSA?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-14T10:25:10-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8592\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8592\" href=\"#collapse-1-8592\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Can both spouses in a family contribute to an HSA?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8592\" aria-labelledby=\"faq_1-8592\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>Yes, as long as both people are covered by an HDHP and not enrolled in an ineligible plan (non-HDHP medical plan, Medicare or a general-purpose FSA). However, the combined contributions to both HSAs can\u2019t be more than the annual family limit.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8594 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">My domestic partner is covered on my medical plan. Can I use my HSA for my domestic partner\u2019s medical expenses?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-14T10:28:53-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8594\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8594\" href=\"#collapse-1-8594\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">My domestic partner is covered on my medical plan. Can I use my HSA for my domestic partner\u2019s medical expenses?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8594\" aria-labelledby=\"faq_1-8594\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>If your domestic partner meets the IRS qualifications of a tax dependent, you can legally use your HSA funds for their medical expenses.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8597 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">I am a parent enrolled in the HSA Plan, but I didn\u2019t cover my children under this medical plan. Can I still use the money in my HSA to pay for my children\u2019s medical expenses, co-pays, and deductibles?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-14T11:41:03-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8597\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8597\" href=\"#collapse-1-8597\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">I am a parent enrolled in the HSA Plan, but I didn\u2019t cover my children under this medical plan. Can I still use the money in my HSA to pay for my children\u2019s medical expenses, co-pays, and deductibles?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8597\" aria-labelledby=\"faq_1-8597\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>Yes. The money in your HSA can be used to pay for qualified medical expenses of any family member who qualifies as a dependent on your tax return. However, if the dependent isn\u2019t covered under your plan, their healthcare expenses won\u2019t be applied toward your deductible.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8599 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">How do I open my HSA?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-14T11:43:50-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8599\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8599\" href=\"#collapse-1-8599\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">How do I open my HSA?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8599\" aria-labelledby=\"faq_1-8599\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>If you enroll in the HSA Plan or the Kaiser CA HSA Plan for the first time, you\u2019ll receive an email from Fidelity inviting you to open your HSA. Once you have received the email, sign in to Fidelity\u2019s website at <strong><a href=\"https:\/\/www.netbenefits.com\" target=\"_blank\" rel=\"noopener\">www.netbenefits.com<\/a><\/strong> and click the Open tile to open your HSA. Your HSA must be\u00a0opened before you can use it and before your paycheck deduction contributions will start.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8601 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">Can I access my HSA online?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-14T11:51:23-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8601\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8601\" href=\"#collapse-1-8601\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Can I access my HSA online?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8601\" aria-labelledby=\"faq_1-8601\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>Yes. Sign in to <strong><a href=\"https:\/\/www.netbenefits.com\" target=\"_blank\" rel=\"noopener\">www.netbenefits.com<\/a><\/strong> to review your HSA balance, make investment elections, and more.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8604 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">How do I pay for expenses using my HSA?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-14T11:50:21-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8604\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8604\" href=\"#collapse-1-8604\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">How do I pay for expenses using my HSA?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8604\" aria-labelledby=\"faq_1-8604\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>There are multiple ways to use your HSA for payment or reimbursement of qualified medical expenses. Once you open your account, Fidelity mails you a health savings account debit card. Simply swipe your Fidelity health savings account debit card at your doctor\u2019s office, lab or pharmacy. And if your medical provider doesn\u2019t accept the card or sends you a bill, you can log on to <strong><a href=\"https:\/\/www.netbenefits.com\" target=\"_blank\" rel=\"noopener\">www.netbenefits.com<\/a><\/strong> to pay the provider directly from your account using Fidelity BillPay\u00ae. You can also request checks linked to your HSA.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8608 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">Do I need to give Fidelity receipts for my HSA claims?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-14T11:52:41-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8608\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8608\" href=\"#collapse-1-8608\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Do I need to give Fidelity receipts for my HSA claims?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8608\" aria-labelledby=\"faq_1-8608\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>No. Fidelity doesn\u2019t ask for proof of your health savings account claims. However, keep all your receipts in case you\u2019re audited by the IRS. The Fidelity Health app helps you manage your expenses, payments, and claims all in one place, on most devices \u2013 smartphone, tablet, etc.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8610 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">Who can put money into my HSA?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-14T11:54:00-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8610\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8610\" href=\"#collapse-1-8610\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Who can put money into my HSA?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8610\" aria-labelledby=\"faq_1-8610\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>Anyone can contribute to your HSA.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8612 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">What can I pay for with my HSA?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-14T11:55:06-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8612\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8612\" href=\"#collapse-1-8612\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">What can I pay for with my HSA?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8612\" aria-labelledby=\"faq_1-8612\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>Your HSA dollars can be used to pay any qualified medical expenses, including your plan deductibles, co-insurance and co-pays.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8614 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">What is a qualified medical expense?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-14T11:57:50-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8614\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8614\" href=\"#collapse-1-8614\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">What is a qualified medical expense?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8614\" aria-labelledby=\"faq_1-8614\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>Qualified medical expenses are the medical, dental and vision expenses defined in IRS Publication 502 (<strong><a href=\"https:\/\/www.irs.gov\/publications\/p502\" target=\"_blank\" rel=\"noopener\">https:\/\/www.irs.gov\/publications\/p502<\/a><\/strong>).<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8617 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">Can I take the money out of my HSA any time I want?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-14T11:59:34-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8617\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8617\" href=\"#collapse-1-8617\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Can I take the money out of my HSA any time I want?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8617\" aria-labelledby=\"faq_1-8617\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>Yes. You can withdraw money tax and penalty-free if used for qualified medical expenses. If you take money out for other purposes, however, you\u2019ll have to pay income taxes on the withdrawal plus a penalty. After age 65, you can use HSA funds for other purposes without penalty. You\u2019ll just need to pay income taxes on the withdrawal amount. Funds withdrawn for qualified medical expenses will remain tax-free.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8619 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">Can I use my HSA for expenses incurred prior to the opening of my HSA?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-14T12:00:45-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8619\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8619\" href=\"#collapse-1-8619\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Can I use my HSA for expenses incurred prior to the opening of my HSA?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8619\" aria-labelledby=\"faq_1-8619\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>No. You can only use the HSA funds to pay for eligible health care expenses incurred after the date your HSA was established.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8621 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">Can I use the money in my HSA for non-medical expenses?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-14T12:02:14-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8621\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8621\" href=\"#collapse-1-8621\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Can I use the money in my HSA for non-medical expenses?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8621\" aria-labelledby=\"faq_1-8621\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>If you are under 65, you\u2019ll be taxed on the money you use and assessed a penalty. After age 65, if you withdraw funds for any purpose other than qualified medical expenses, you will be subject to income taxes, but there is no penalty. Funds withdrawn for qualified medical expenses will remain tax-free.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8623 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">Can I use the money in my HSA to pay for my health plan premiums?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-14T12:03:55-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8623\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8623\" href=\"#collapse-1-8623\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Can I use the money in my HSA to pay for my health plan premiums?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8623\" aria-labelledby=\"faq_1-8623\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>You can\u2019t use your HSA to pay for your Albertsons Companies benefits premiums, but there are some situations that allow you to use your HSA to pay for health plan premiums. You can use your HSA to pay premiums for:<\/p>\n<ul>\n<li>COBRA continuation coverage<\/li>\n<li>Health coverage while getting unemployment compensation<\/li>\n<li>Qualified long-term care<\/li>\n<li>Medicare and other health insurance if you are 65 or older, not including Medicare supplement insurance<\/li>\n<\/ul>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8625 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">Can I use my HSA to pay for voluntary cosmetic surgery?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-14T12:07:12-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8625\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8625\" href=\"#collapse-1-8625\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Can I use my HSA to pay for voluntary cosmetic surgery?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8625\" aria-labelledby=\"faq_1-8625\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>Your HSA can be used for cosmetic surgery if prescribed by a physician and deemed to be medically necessary.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8627 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">What is the difference between an HSA and an FSA?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-14T12:06:35-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8627\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8627\" href=\"#collapse-1-8627\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">What is the difference between an HSA and an FSA?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8627\" aria-labelledby=\"faq_1-8627\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>The names sound alike, but don\u2019t confuse the two. When you enroll in a high-deductible medical plan, you can use an HSA to pay for eligible health care expenses with tax-free money. If you elect a different medical plan or no medical coverage, you can use a health care flexible spending account (FSA), which also allows you to pay for eligible health care expenses with tax-free money. While both offer valuable tax-saving opportunities, they are very different. With an HSA, you can use the money for health care expenses now or in the future. It\u2019s like having a 401(k) plan for medical expenses that gives you a chance to save, invest and grow your money.<\/p>\n<p>With an FSA, whatever money you don\u2019t use by the end of the year, you lose. Another important difference is that your full health care FSA contribution amount is available to you up front. However, with an HSA, the funds are not available to you until they are deposited to your account. You can\u2019t have both an HSA and a health care FSA.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8630 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">Can I have an HSA and a healthcare flexible spending account (FSA) at the same time?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-14T12:08:19-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8630\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8630\" href=\"#collapse-1-8630\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Can I have an HSA and a healthcare flexible spending account (FSA) at the same time?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8630\" aria-labelledby=\"faq_1-8630\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>No. You cannot contribute to an HSA and a healthcare FSA at the same time.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8632 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">If I have a healthcare FSA from a previous year with a grace period that extends into the current plan year, can I enroll in an HSA?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-14T12:09:33-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8632\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8632\" href=\"#collapse-1-8632\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">If I have a healthcare FSA from a previous year with a grace period that extends into the current plan year, can I enroll in an HSA?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8632\" aria-labelledby=\"faq_1-8632\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>Yes. But you can\u2019t put money into your HSA until the FSA grace period is over.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default fusion-faq-post fusion-faq-post-8634 health-savings-account \"><span class=\"entry-title rich-snippet-hidden\">Can I still open an HSA if my spouse has a healthcare FSA through work?<\/span><span class=\"vcard rich-snippet-hidden\"><span class=\"fn\"><a href=\"https:\/\/myaci.altimateqod.com\/us\/author\/drophills\/\" title=\"Posts by DropHills\" rel=\"author\">DropHills<\/a><\/span><\/span><span class=\"updated rich-snippet-hidden\">2025-02-14T12:10:53-08:00<\/span><div class=\"panel-heading\"><h5 id=\"faq_1-8634\" class=\"panel-title toggle\"><a data-toggle=\"collapse\" class=\"collapsed\" data-parent=\"#accordian-1\" data-target=\"#collapse-1-8634\" href=\"#collapse-1-8634\" aria-expanded=\"false\"><div class=\"fusion-toggle-icon-wrapper\"><div class=\"fusion-toggle-icon-wrapper-main\"><div class=\"fusion-toggle-icon-wrapper-sub\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/div><\/div><\/div><div class=\"fusion-toggle-heading\">Can I still open an HSA if my spouse has a healthcare FSA through work?<\/div><\/a><\/h5><\/div><div id=\"collapse-1-8634\" aria-labelledby=\"faq_1-8634\" class=\"panel-collapse collapse\"><div class=\"panel-body toggle-content post-content\"><p>You can open an HSA only if your spouse\u2019s FSA is a limited-purpose FSA for dental and vision expenses only, not a full healthcare FSA.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":6,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-8138","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/myaci.altimateqod.com\/us\/wp-json\/wp\/v2\/pages\/8138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/myaci.altimateqod.com\/us\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/myaci.altimateqod.com\/us\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/myaci.altimateqod.com\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/myaci.altimateqod.com\/us\/wp-json\/wp\/v2\/comments?post=8138"}],"version-history":[{"count":11,"href":"https:\/\/myaci.altimateqod.com\/us\/wp-json\/wp\/v2\/pages\/8138\/revisions"}],"predecessor-version":[{"id":8643,"href":"https:\/\/myaci.altimateqod.com\/us\/wp-json\/wp\/v2\/pages\/8138\/revisions\/8643"}],"up":[{"embeddable":true,"href":"https:\/\/myaci.altimateqod.com\/us\/wp-json\/wp\/v2\/pages\/6"}],"wp:attachment":[{"href":"https:\/\/myaci.altimateqod.com\/us\/wp-json\/wp\/v2\/media?parent=8138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}