The Health Savings Accounts screen allows you to enter the balances and contributions related to your HSA. There is an option to enter an account for each spouse or partner.
Key Concepts:
- HSA accounts refer to accounts available to those in a workplace with a high-deductible health plans (HDHPs) to save for qualified medical expenses.
- HSAs can be funded with pre-tax dollars, grow tax free, and used without paying income tax if paying for qualified medical expenses like medical, dental, and vision care and prescription drugs.
Tips:
- Note that qualified withdrawals are assumed to be spent on qualified health-related costs and thus will show up in the Other column of the Spending report.
- Note that non-qualified withdrawals do not show up in the Spending > Other column because these dollars are returned to the regular assets.