Health savings account question

Usually have to provide receipts if paying yourself back.

It’s not a problem, I rarely if ever pay directly with my HSA, always put it on a credit card if I can and then just reimburse myself. Why lose out on the CC points? When you apply for a reimbursement, upload the receipt from the doctor and just have your HSA deposit into your bank account. The receipt isn’t required to get the reimbursement, per se, but if you’re ever in an audit, you’ll need it, so might as well go ahead and upload it and it will forever be linked with the transaction.

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Usually have to provide receipts if paying yourself back.

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It depends on who administers your HSA, and seems to change every 24-36 months. That said, I scan everything I get anyway. I have water bills from 15 years ago, no reason not to be able to look up what I paid for a procedure in 2010, just in case I get into a fight here on TD.

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At a $5000 deductible, you would gain $100-$250 credit card points depending on card that year. I forgo those earnings to have my HSA statement read Ochsner and not have to deal with those receipts.

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I'm with HealthEquity and it's as simple as uploading a picture of the receipt when i'm applying for the reimbursement, so it really isn't any extra steps and i'm setting up who the payment was to, so all the info is there. Just get the documents from the doctor when i'm leaving and it is done in a few minutes. CC points are better than no CC points .

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As I don't follow this, but the best action is to pay your own medical bills and leave that HSA money alone. Open it up in Fidelity or something similar and invest that money as it has the best tax advantages.

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Generally what I do. Unless I have a very large medical expense, I don't touch my HSA. It is another tax advantaged retirement savings account. Just as far as the OP is concerned, there is no issue with paying your medical bill with a CC and then reimbursing yourself from your HSA after the fact.

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My HSA is through HomeBank and they do not have a place to upload the photos. Wish it were easier like yours. Might have to look into another HSA account.

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If that is the case, then yea I can see the added hastle beng a little more of a deterrent, but also if the expense is the size that it wouldn't be worth the time to upload the documents, I'd probably just not reimburse myself anyways and just pay for it myself, just personal procedure there.

I've liked HealthEquity a lot. Their app is solid and has been very easy to use. Any time i've done a reimbursement it has been super quick and simple. Investment options are fine. Probably better out there but it does what I need it to do.

I didn’t red all of the replies (8 of them so I’m lazy), but if at all possible you should avoid tapping HSA at all. Forgoing Roth or IRA contributions would be better than tapping HSA in most cases.