Getting Started

If you’re ready to take control of your health insurance costs, just follow these easy steps to set up and use your HSA.

1. Make sure you have a qualified HDHP. If you are unsure if your plan qualifies or if you need to set up an HDHP, ask your insurance provider.
2. Apply for an HSA. Stop in to the bank to apply.
3. Once accepted, your account will be opened. Contribute to your HSA on your schedule and at your convenience or set up an automatic transfer to ensure the money is there when you need it. All contributions for the previous tax year must be received by April 15.
4. Use your debit card and account checks like a regular checking account for qualified medical expenses. Be sure to keep your receipts on file to substantiate your distributions for IRS purposes. Consult your tax advisor for information about qualified medical expenses.
5. We’ll send you a Form 1099 and Form 5498 for you to use in tax reporting.