Can my HSA dollars be used for retirement health care costs?
Yes, only for expenses eligible for reimbursement.

What expenses are NOT eligible for reimbursement from my HSA?
Premiums for Medicare supplemental policies
Expenses covered by another insurance plan
Expenses incurred prior to the date the HSA was established
See IRS Publication 502 for a full list

Can I use my HSA dollars for non-eligible expenses?
Money withdrawn from an HSA account to reimburse non-medical expenses is taxable income to the account holder and subject to a 10% tax penalty, unless over 65, disabled, or upon death.

How do I manage my HSA?
You are the account holder or HSA beneficiary so you may choose when to use your HSA dollars or when not to use your HSA dollars. HSA dollars pay for any eligible expense (it is your responsibility to make sure the expense qualifies). Most often the HSA account holder will pay for out-of-pocket expenses associated with their high deductible health plan with their HSA dollars.

What is coverage gap?
It is the difference between total out-of-pocket expenses associated with your high deductible health plan and your HSA dollars. For example: you have a $2,000 deductible, a $4,000 maximum out-of-pocket, and $2,000 in your HSA account...$4,000 - $2,000 = $2,000. You are financially obligated to pay the difference of $2,000.

When can I start using my HSA dollars?
You can use your HSA dollars immediately following your HSA account activation and once contributions have been made.

*These amounts are adjusted annually for inflation.