My understanding is that an FSA is a "use it or lose it" type of thing where you have to use it all by the end of the plan year while the amount in an HSA account rolls over to the next year.

4/14/2011 9:23:52 AM

What's the point behind an HSA? Tax free interest? Is that all?

8/5/2011 3:36:44 PM

You pay for medical expenses with pre tax money.

8/5/2011 3:37:34 PM

What if I contribute on my own? I have a personal HSA, so I contribute funds after taxes (as in from my person checking account).

8/5/2011 3:38:37 PM

Then your contributions are tax deductible.

8/5/2011 3:43:34 PM

Ok, that's what I thought. I need to look through my 2010 finances then, because I don't think my contributions were deducted... but I did open my HSA somewhere around the new year... maybe it was after.

8/5/2011 3:47:33 PM

Yeah, I assume they would have mailed you something but my only firsthand experience is with a HCSA which just takes pretax money out of my paycheck.

8/5/2011 3:58:24 PM

so if I paid for expenses out of pocket (didn't have card with me), do I just take money out of the HSA or is there something else I can do?

12/12/2011 11:54:49 AM

You probably just have to submit a claim with your receipts and they'll send you a check.

12/12/2011 12:03:29 PM

ended up going by my bank (SECU). i can just reimburse myself via a normal withdraw from my HSA.

guess I'll do that and then re-deposit it later to up my yearly contribution/deduction

12/12/2011 1:11:40 PM

Interesting. So do they not normally audit what the money is used for?

12/12/2011 3:19:50 PM

you can be audited, so save your receipts. but it's not a sure thing. besides, I have receipts for all my out-of-pocket expenses.

12/12/2011 3:29:56 PM