How to use an HSA

Save smart.

(AARP/OPTUMBankÒ logo)

It’s easy to do with your AARP® Health Savings Account offered by Optum Bank®.

Start by simply making a deposit into your HSA.

One way is through payroll deduction, if you are still employed and your 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 by logging into your account at myaarphsa.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 Optum Bank by visiting myaarphsa.com to determine how much you can contribute, while you’re at it use it to estimate your tax savings.

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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 Optum Bank debit Mastercard®. 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 optumbank.com, where you can send payments directly to healthcare providers, pharmacies, or other payees.

Already payed your bill out of pocket? No problem, it’s easy to reimburse yourself.

Login into your account to request an electronic or check reimbursement.

Finally, make sure you keep your receipts you can conveniently upload and store them on optumbank.com, this way you can organize you receipts into folders to help you keep track of them in case you’re ever audited by the IRS.

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Just another way to help you save smart.

Still have question about your AARP Health Savings Account offered by Optum Bank?

Visit Optum Bank at myaarphsa.com to learn more.

Disclaimer

The AARP Health Savings Account offered by Optum Bank is available to eligible AARP members. Optum Bank pays royalty fees to AARP for the use of its intellectual property. These fees are used for the general purposes of AARP. Provider offers are subject to change and may have restrictions. Please contact the provider directly for details.

Heath savings accounts (HSAs) are individual accounts offered or administered by Optum BankÒ, Member FDIC, and are subject to eligibility requirements and restrictions on deposits and withdrawals to avoid IRS penalties. State taxes may apply. Fees may reduce earnings on account. This communication is not intended as legal or tax advice. Federal and state laws and regulations are subject to change.

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