HSA, HRA and FSAHealth Savings Accounts (HSA), Health Reimbursement Arrangements (HRA), and Flexible Spending Accounts(FSA) allow let you use pre-tax dollars to pay for qualified healthcare expenses.
HSA Bank Debit Card
When your first account with HSA Bank is opened, you will be mailed a debit card and a welcome kit with information. You may request another card for an authorized signer (e.g., spouse, dependent) at no cost, but additional cards after that will be $6 each.
If you have multiple accounts with HSA Bank, your accounts will all be tied to the same debit card (no additional cards will be sent when another account is opened) and will follow a stacking order, meaning funds will be pulled from the first applicable account until the balance is exhausted, then it will pull from the next applicable account.
Your card will pull from an FSA (healthcare, limited purpose, dependent care) before it will pull from an HSA or HRA.
- Ex) If you have a limited purpose FSA and an HSA, swiping your card at the eye doctor's office to purchase new eyeglasses will pull funds from your limited FSA until it is spent, then any remaining amount due will be taken from your HSA.
With FSAs and the HRA, cards may only be swiped to spend funds for the current plan year. For example, if you had an FSA in 2020 and another in 2021 and used the card within the prior year's runout period (90 days following the termination of the account, typically 3/31) to pay for an eligible 2020 expense, the card would pull from the 2021 account which would trigger the need for an amendment on your part as funds may only be spent on current year expenses in the case of FSAs and HRAs.
For security purposes, debit cards have a daily transaction limit of $3,000 for point-of-sale purchases.