Using Your HSA

Using Your Health Savings Account

The Chase Health Savings Account (HSA) gives you a convenient and flexible way to pay for your qualified medical expenses using your tax-advantaged dollars. You have a choice of paying with the Chase VISA® branded HSA debit card that comes with your account, paying online with the Chase Online Bill Payment Service or writing a check if you opt to receive HSA checksFootnote  (Opens Overlay). You can also pay for expenses out-of-pocket and then reimburse yourself later from your HSA.

 

Paying at the Doctor's Office or Pharmacy

You can use your Chase HSA debit card at doctor's offices, pharmacies and other locations where debit cards are accepted. Present your card at check-out and either provide your signature or PIN to make your payment.

 

Making Payments and Managing
Your Account Online

We provide a website dedicated to your HSA account. All in one place, online, you can check your account balances, see a detailed transaction history, make payments, receive email alerts and access a wealth of educational resources. And, if you've added an HSA  Investment Account to your HSA, you can access and manage your account.

 

Qualified Versus Non-Qualified Expenses

The following lists give you a general overview of qualified and non-qualified expenses. The good news is that you may use your HSA for all kinds of medical expenses that your health plan may not cover. These lists are not all-inclusive, and are subject to change by the IRS. Remember that any HSA funds used for non-qualified expenses are taxable, and will also be subject to a 20% IRS tax penalty, except in the case of distributions made after your death or disability, or if you're under age 65. Consult a tax professional if in doubt about a particular expense.

 

Sample Qualified Medical Expenses

 
  • Acupuncture
  • Alcoholism treatment
  • Bandages
  • Birth Control Pills
  • Braces
  • Chiropractor
  • Contact lenses
  • Convalescent home (medical)
  • Dental treatment/fees
  • Drug addiction therapy
  • Eyeglasses
  • Handicap equipment
  • Hearing aids and batteries
 
  • LASIK eye surgery
  • Nurses (registered) and nursing homes
  • Ophthalmologist, optician and optometrist
  • Prenatal care
  • Prescription medicines
  • Psychotherapy
  • Surgeries/Operations (non cosmetic)
  • Special school or home costs for the physically and mentally impaired
  • Tuition for child with learning disability
 

Non-Qualified Medical Expenses

  • Athletic club membership
  • Cosmetic surgery and procedures (unless due to accident, birth defect or disease)
  • Illegal operations, drugs or treatments
  • Over-the-counter medication (e.g., aspirin, cold medicine)Footnote  (Opens Overlay) unless prescribed
  • Premiums for life insurance, disability, etc.
  • Special foods or beverages
  • Stop-smoking programs
  • Weight loss programs
 
 
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Contributing to Your HSA

Fund your account with one-time or recurring transfers from your checking account, roll over funds from another HSA, or even better – set up a payroll deduction option which lets you make pre-tax contributions.

 
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Calculate Your Contribution

Calculate your maximum annual contribution amount, tax savings and more.

 
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