You and your employer can deposit money into your HSA account, up to an annual per-person or family limit set by the IRS. When you enroll, an account will be created for you at a sponsor bank. You’ll be given access to a secure, easy-to-use web portal where you can track your account balance, view your investment accounts and submit requests for reimbursements. In addition, you’ll receive a “Benny” Card to make it easy to access the money in your HSA.
The card contains the value of your HSA account and you can use it to pay for eligible services and products not covered by your health insurance. When you use the card, payments are automatically withdrawn from your account, so there are no out- of-pocket costs and you won’t have to submit receipts to verify the purchase. Just swipe the card and go. It’s that easy!