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How to use a health savings account (HSA)

Learn how to make deposits to and withdrawals from your HSA

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How to Use an HSA


Save smart. It’s easy to do with your health savings account or HSA. Start by simply making a deposit into your HSA. One way is through payroll deduction, if you employer offers that option. Decide how much you want to contribute from each paycheck and that amount is automatically deposited into your account.

You can also make an online deposit at optumfinancial.com, either as a one time or recurring contribution. And you’re not the only one who can contribute to your account, anyone can. So, if your birthday is right around the corner, go ahead and put HSA deposit on your wish list. Just remember that all deposits count towards the annual contribution limits set by the IRS. Be sure to use the HSA calculator at optumfinancial.com to determine how much you can contribute, while you’re at it use it to estimate your tax savings.

Now it’s time to put your HSA to work. You can use your HSA dollars to pay for qualified medical expenses for you and your eligible dependents.

The easiest way to pay is with your HSA debit card, you can use it on the spot or after you receive a bill. You’ll receive your debit card in the mail shortly after your account is opened. Another easy option is to pay online at optumfinancial.com, where you can send payments directly to healthcare providers, pharmacies, or other payees.

Already paid your bill out of pocket? No problem, it’s easy to reimburse yourself. Sign in to your account to request an electronic or check reimbursement.

Finally, make sure you keep your receipts. You can conveniently upload and store them on optumfinancial.com,  using our “virtual shoebox” called HSA Save-It! This helps you keep track of them in case you want to reimburse yourself at a later date, or if you’re ever audited by the IRS.

Just another way to help you save smart.

Still have questions about your HSA? Visit optumfinancial.com to learn more.

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Use our qualified medical expense tool to filter by account type and expense type to see if it qualifies.
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The five stages of your HSA journey

Learn more about the five-stage journey we go through as we save and pay for qualified medical expenses.
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Investments are not FDIC insured, are not bank issued or guaranteed by Optum Financial or its subsidiaries, including Optum Bank, and are subject to risk including fluctuations in value and the possible loss of the principal amount invested.