If I pay a Dr. bill with my debit card, can I withdrawal money from my HSA to replace the money in my debit card, or does it have to be paid from the HSA account?

Submitted by Evolved_Dojo t3_10qdshw in personalfinance

Did some searching but I couldn't really find an answer to this question. I appreciate everyone's insight, thanks in advance.

The only reason I ask is because my HSA debit card expired without my knowledge but now I've got some bills to pay. Don't really want to get hit with the 20% fee unless it's unavoidable.

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kmfl300 t1_j6peux7 wrote

There should be an option on your hsa account to submit a claim for the amount of the doctor bill then you can withdraw it that way. It should just require the receipt or bill of what it cost, hope this helps.

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Liquidretro t1_j6pglxm wrote

This, I did this for a few years before they offered a HSA card directly.

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TarkatanAccountant t1_j6pgnxz wrote

My previous HSA allowed claims reimbursement, my current one does not. The card has to be used

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USS_Notajetski t1_j6perz2 wrote

It is my understanding that withdrawing cash is taxable.

You need to use it for qualifying medical purposes.

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PichaelSmith t1_j6pfdxx wrote

If they pay it another way there isn’t any reason they can’t then submit for reimbursement and then the HSA will send them the cash and it wouldn’t be taxable since they are being reimbursed for a Dr bill. I do it all the time, pay medical bills with a cash back credit card and then submit to have myself reimbursed.

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USS_Notajetski t1_j6pgvje wrote

I stand corrected. I was unaware of that which means I have been losing out of cash back/points. Thank you.

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