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)?
What are the advantages of establishing an HSA?
What are the tax advantages of owning an HSA?
Who can participate in an HSA?
Who is excluded from opening an HSA?
What is the US Patriot Act?
May both an individual and spouse have HSAs?
What constitutes a High Deductible Health Plan (HDHP)?
What is "permitted insurance" or "permitted coverage"?
Can an individual participate in both a flexible spending account (FSA) and an HSA or a health reimbursement arrangement (HRA) and an HSA?
Who can make contributions to an HSA?
What is the tax treatment of an eligible individuals HSA contribution?
What is the tax treatment of earnings on amounts contributed to an HSA?
What is the tax treatment of Employer Contributions to an HSA?
What are the Comparability Rules an employer must meet?
Can an individual have more than one HSA?
What is the deadline for setting up an HSA and making contributions?
When is my HSA effective?
How much can I contribute to my HSA?
Can I rollover funds from another account?
What are the consequences if I find that I am not eligible and I've made contributions to an HSA?
What happens if too much is contributed to my HSA?
How are excess contributions handled?
Are claims incurred prior to the establishment of an HSA eligible for reimbursements from the HSA?
When can money be taken out of an HSA?
What expenses are eligible for reimbursement from an HSA?
Can HSA funds be used for dependents not covered under the HSA-compliant HDHP?
How do I make a withdrawal from my HSA?
What happens if I don't cash my distribution check within 90 days?
What happens to my HSA account balance at the end of the year?
Who is responsible if contributions and/or distributions do not occur according to the regulations?
How is an HSA handled in a divorce?
What happens to an HSA if the account holder dies?
How does the HSA contribution change if the individual gets married or adds a dependent and moves from single to family coverage?
What happens to my HSA when I terminate employment?
What are the reporting requirements for an HSA?
How does an account holder report an account on a tax return?
Can account holders rollover or transfer an HSA they have with another custodian?
What is the tax treatment of an HSA after the Death of an Account Holder?
What are the fees for an Individual HSA?