What can I use my HSA to pay for?
April 9, 2024
You can use HSA funds to pay for deductibles, copayments, coinsurance, and other qualified medical expenses. To find out if an expense is HSA-qualified visit planstin.com/hsa.
Optum Bank will send you an HSA debit card via mail that you may use for qualified expenses. You may also submit expenses for reimbursement. All withdrawals to pay eligible medical expenses (whether by debit or reimbursement) are tax-free.
Unspent HSA funds roll over from year to year, allowing you to build tax-free savings to pay for medical care later.
Learn More
- Optum Bank’s website has a search tool to show what is eligible to be purchased with your HSA. Click here to use the tool.
- Register online or through the Optum App to track payments and reimbursements and monitor your account balance.
- Call Planstin’s Benefit Advocacy team at 888-920-7526 for more help understanding your plan details.
- Does your health plan include an HSA? Verify your benefits by clicking on "Plan Documents" under "Explore." Then search for the plan name listed on your Member ID card. Click here to for more help finding out what plan you have.
Explore
Most Planstin-managed health plans do not use a provider network . That means you are free to work with any provider with out fear of any out-of-network penalties. Very few Planstin-managed health plans still use a provider network. In this case, your health plan uses the PHCS network of providers. Fair-priced healthcare & care coordination The majority of Planstin-managed health plans use an innovative healthcare pricing strategy called fair-priced healthcare. This strategy does not require the use of a provider network, and instead relies on a care coordination team to help you work with your provider, make appointments, and locate providers that work well with your benefits. To learn more about fair-priced healthcare, click here . To learn more about care coordination click here .
Preventive Core is a health plan that focuses on preventive care. This health plan meets ACA requirements for minimum essential coverage (otherwise known as MEC). Fair-priced healthcare This health plan uses an innovative healthcare pricing strategy called fair-priced healthcare. To learn more about fair-priced healthcare, click here . Care coordination Preventive Core health plans have no network restrictions and include care coordination services to help you make appointments and locate providers that work well with your benefits. To learn more about care coordination click here . To view information about your Preventive Core health plan, click here and select your specific plan name.
All Planstin-managed health plans now feature care coordination services as a part of a fair-price healthcare strategy. The Planstin Care Coordination team will help match members with providers that work best with their plan.