HSA Guide
HSA like a pro
Stretch your dollars further and put more money in your pocket. Health Savings Accounts empower you to save more, spend smarter and invest in your healthcare.
What is a Health Savings Account?
HSAs are tax-advantaged member-owned accounts that let you save pre-tax1 dollars for future qualified medical expenses. You can invest2 your account—and funds never expire.
Tap into health savings.
Faster access, stronger security, and more convenient than logging in online. HSAs use the HealthEquity mobile app.
HealthEquity Mobile app
Tap into health savings.
Already enrolled? Set up your new account directly in the app—no need to register online.
EZ Receipts Mobile app
Bring your benefits with you.
Already enrolled? Please set up your account online before using the app.
Am I eligible for a Health Savings Account?
How do I sign up?
You can enroll in an HSA-qualified health plan and sign up for an account as a new employee and during your organization’s annual open enrollment.
Open an individual accountSpend
Stretch your dollars further
HSA qualified medical expenses
Because of the tax savings on contributions, you can save an average of 30 percent5 on qualified medical expenses, including but not limited to:
- Acne Medicine
- Braces
- Crutches
- Denturist
- EyeglassesRx
- Eye Surgery
- Flu Shot
- Hearing Aids
- Motorized Wheelchair
- PrescriptionsRx
- X-Rays
- Allergy Medicines
- Contact LensesRx
- Dental Cleanings
- Doctor Fees
- Eye Exams
- Face Masks
- Hand SanitizerLMN
- Ibuprofen
- Orthodontia
- Sanitizing Wipes
Ready to shop? Visit the HSA store
You can purchase HSA-eligible items online directly through the HSA store. Browse prescriptions, hearing aids, contact lenses and more.
Browse the HSA Store nowYour savings can add up fast
Here’s an example based on $4,000 annual spending and a 30 percent effective tax rate.
Medical expenses
$3,000
+
Vision expenses
$500
+
Dental expenses
$500
Annual tax savings4
$1,200
Become a savvy healthcare consumer
The HealthEquity debit card5 is a great way to pay at the pharmacy or doctor’s office. Just run it as a credit card—no PIN required.
Invest
Build long-term health savings
Your retirement engine
Unlike other account types, an HSA lets you invest money to build the ultimate retirement nest egg. To get you there, HealthEquity offers a powerful lineup of low-cost Vanguard mutual funds.9 Choose from index funds or target date funds.
HSA investingInvest your money just like a 401(k)
Access liquid funds anytime
Enjoy lower fees and transparent pricing
Take advantage of powerful advisory tools offered by HealthEquity Advisors, LLC6
HSA vs. 401(k)
Both accounts let you make pre-tax contributions and grow tax-free earnings. But only an HSA lets you take tax-free distributions for qualified medical expenses. After age 65 you can use your health savings account for any expense, you’ll simply pay ordinary income taxes—just like a 401(k).
Accelerate your health savings
Take the guesswork out of investing. Log into your account and a helpful step-by-step tutorial will walk you through the process. Choose from two powerful advisory tools brought to you by HealthEquity Advisors, LLC.
 |
AutoPilotLet intelligent technologies manage your entire portfolio. |
 |
GPSTap into algorithm-based guidance and recommendations. |
Start building health savings today
It’s never been easier to take control of your health and grow your money.
Have questions? Visit our help center.
Find helpful guides, answers to your questions, and access to our helpful Member Services Team.
Visit our Help CenterHSA Videos
How does an HSA work?
How to use your HSA
HSA webinars
Check out our snackable 15-minute webinars. Each episode gives you simple tips and tricks to get the most from your benefits. Learn how to use an HSA, spend less on healthcare, and invest for the future.
1HSAs are never taxed at a federal income tax level when used appropriately for qualified medical expenses. Also, most states recognize HSA funds as tax-deductible with very few exceptions. Please consult a tax advisor regarding your state’s specific rules.Return to content
2Investments are subject to risk, including the possible loss of the principal invested, and are not FDIC or NCUA insured, or guaranteed by HealthEquity, Inc. Investing through the HealthEquity investment platform is subject to the terms and conditions of the Health Savings Account Custodial Agreement and any applicable investment supplement. Investing may not be suitable for everyone and before making any investments, review the fund’s prospectus.Return to content
34.5 stars is the Apple App Store rating as of April 2025, with 11.8K ratings.Return to content
4The example used is for illustrative purposes only; actual savings may vary. The figure is based on average tax rates, including state, federal and FICA taxes.Return to content
5This card is issued by the Bancorp Bank, N.A. pursuant to a license from Visa U.S.A., Inc. Your card can be used everywhere Visa debit cards are accepted for qualified expenses. This card cannot be used at ATMs and you cannot get cash back, and cannot be used at gas stations, restaurants, or other establishments not health-related. For card terms and conditions, see the Cardholder Agreement that is provided with the card.Return to content
6HealthEquity, Inc. does not provide investment advice. HealthEquity Advisors, LLC™, a wholly owned subsidiary of HealthEquity, Inc. and an SEC-registered investment adviser, provides web-based investment advice to HSA holders that subscribe for its services (minimum thresholds and additional fees apply). Registration does not imply endorsement by any state or agency and does not imply a level of skill, education, or training. Investing may not be suitable for everyone and before making any investments, review the fund’s prospectus. HealthEquity does not provide legal, tax or financial advice. Always consult a professional when making life-changing decisions.Return to content
7Federal Trade Commission, 2020: Consumer.ftc.gov/articles/0063-generic-drugs-and-low-cost-prescriptions Return to content
8Debt.Org, 2020: Debt.org/medical/emergency-room-urgent-care-costs/Return to content
9You should carefully consider the investment objectives, risks, charges and expenses of any mutual fund before investing. A prospectus and, if available, a summary prospectus containing this and other important information can be obtained by visiting the Vanguard website at vanguard.com. Please read the prospectus carefully before investing.Return to content
HealthEquity does not provide legal, tax or financial advice. Always consult a professional when making life-changing decisions.
App Store is a service mark of Apple Inc.
Google Play and the Google Play logo are trademarks of Google LLC.
COBRA/Direct Bill Employer login
Please refer to your Client Welcome email for the URL of your specific COBRA/Direct Bill Employer login page.
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