Discovery Benefits
FSA • HSA • HRA • COBRA • Transportation
A Health Savings Account can save thousands on healthcare by cutting income taxes, growing savings tax-free and lowering health insurance premiums.
What is a Health Savings Account (HSA)?
How do life changing events (divorce, death, employment status, new insurance) influence my HSA?
Can a Health Savings Account be owned by a Living Trust?
Can a Living Trust be the beneficiary of a Health Savings Account?
Why do I need to designate beneficiaries?
Where do I send my documentation?
How do I access account information?
How do I authorize my spouse and/or another individual to obtain information about my account?
What if my direct deposit is rejected by my bank?
What are the advantages of offering my employees an HSA?
What are the tax advantages of owning an HSA?
Who can participate in an HSA?
What is the USA PATRIOT Act?
What constitutes a High Deductible Health Plan (HDHP)?
Can an individual participate in both an HSA and an FSA or HRA?
What is the contribution deadline?
Who can make contributions to an HSA?
What are the Comparability Rules an employer must meet?
Can an individual have more than one HSA?
When is my HSA effective?
How much can I contribute to my HSA?
Can I roll over funds from another account?
How are excess or non-eligible contributions handled?
How and when can money be taken out of an HSA?
What expenses are eligible for reimbursement from an HSA?
What happens if I don't cash my distribution check within 90 days?
How do I report HSA activity on my tax return?
Can account holders rollover or transfer an HSA they have with another custodian?
Are there any fees associated with my HSA account?