|
| Once
you have your HSA-qualified health insurance plan in place, you will want to establish
your health savings account. You can then fund the account to the maximum
amount, or only put money in it when you incur a medical expense – the choice
is yours. | |
|
To establish your HSA, follow the steps below:
- First,
you must make certain that you have a qualified High
Deductible Health Plan, or must have recently applied for
coverage. To see the plans available in your area,
visit our high
deductible health insurance page. Once you
choose a plan, you may apply online, or mail in an application.
- Next,
you will need to choose the company you would like to administer
your HSA. While some insurance companies offer to
administer your account (only if you have their insurance
plan), you may also choose to work with an outside, third
party administrator.
For
a comprehensive list of companies offering HSAs, complete
with details on how each of these accounts work, please
visit our HSA
Administrator page.
- Once
you have chosen your administrator, you will need to download
their enrollment form. You may obtain these forms
on our HSA
Admin page and clicking on the name of the company
you've chosen. At the bottom of the next web page,
you can obtain that company's enrollment form by clicking
the link that says "Open their Application."
- After
downloading the proper enrollment form, you will need to
send it, along with your opening deposit, to the address
listed on the enrollment form. You will receive your
introductory packet, including complete instructions on
how to make future deposits and the options you have for
withdrawing your funds, in approximately two weeks.
|
|
