Q:

How do you manage your HealthEquity health savings account?

A:

Quick Answer

Your HealthEquity health savings account can be managed from the user portal located at MyHealthEquity.com using an updated version of common browsers such as Chrome or Firefox, according to the HealthEquity HSA Member Guide. The portal displays the available balance, quick links to commonly used actions, a message center, to-do lists and resources.

Continue Reading

Full Answer

Taxes are not applied to qualified medical purchases paid by the health savings account, or HSA, explains the HealthEquity HSA Member Guide. The health savings account is owned by you even if you retire or change jobs. The balance rolls over from year to year as long as it is under the limit set for a single individual or family.

Investment opportunities are provided through the member portal. Since there is no time limit to reimburse yourself from qualified out-of-pocket purchases made after your health savings account is set up, the account can be used to generate tax-free interest on savings, states the HealthEquity HSA Member Guide. Receipts, invoices and an explanation of benefits can be uploaded and saved in the Document Library using the online portal or the mobile application. When the desired amount of savings is achieved, all the receipts can be submitted for payment.

Learn more about Bank Accounts

Related Questions

Explore