How do I withdraw money from my PayFlex HSA?

Click on the Financial Center. Note: If you have multiple accounts, select your Health Savings Account from the drop-down menu at the top of the page. Click on Make an HSA Withdrawal. This lets you withdraw funds from your HSA and deposit them into your linked bank account.

What can I use my PayFlex HSA card for?

Spending money in your account is easy with the PayFlex Card. Use it for eligible health care expenses, such as doctor and dentist visits, prescriptions, hospital stays, hearing and vision care.

How do I use my PayFlex card?

To use your card, simply swipe and select either “Debit” or “Credit.” After you swipe the card, our system automatically confirms if you have enough funds available. Keep in mind that some merchants may ask you to select “Debit.” This means you’ll need to enter your PIN to complete the transaction.

Can I transfer money from my PayFlex to my bank account?

Enter the amount PayFlex deposited into your account. Click Validate. Once you validate your account, you can begin to transfer funds to and from your HSA. If you decide to send funds to yourself, you can choose to transfer the funds to your bank account (if you’ve linked an account) or request a check.

Can you withdraw money from an HSA debit card?

Your HSA Bank Health Benefits Debit Card provides access to your HSA funds at point-of-sale with signature or PIN and at ATMs for withdrawals. Check your Health Savings Account Fee and Interest Rate Schedule for any applicable fees for ordering checks. 4. Fee per ATM withdrawal may apply.

Can I cash out my HSA?

Can I withdraw the funds from my HSA at any time? Yes, you can withdraw funds from your HSA at any time. But please keep in mind that if you use your HSA funds for any reason other than to pay for a qualified medical expense, those funds will be taxed as ordinary income, and the IRS will impose a 20% penalty.

Can I use PayFlex for copays?

And you’re providing a way to save on common eligible expenses, like copays, contact lenses, sunscreen and even surgeries.

Can you buy a mattress with an HSA?

Mattresses are not eligible for reimbursement with a flexible spending account (FSA), health savings account (HSA), health reimbursement arrangement (HRA), dependent care flexible spending account (DCFSA) or a limited-purpose flexible spending account (LPFSA).

Is PayFlex an HSA or FSA?

For many Aetna members, PayFlex administers a suite of products and services, including: Spending Accounts, also referred to as Flexible Spending Accounts (FSA) – These arrangements may be funded by an employer and/or an employee via payroll deduction.

How do I check my balance on my PayFlex card?

Access your account balance — Log in at stateoftn.payflexdirect.com to view your available balance on your account dashboard. Check your card’s expiration date — Your card is valid for five years, as long as you’re an active member. Before your card expires, you’ll receive a new card in the mail.

Does HSA have a routing number?

The transaction code should be set to SAVINGS CREDIT. HSA Bank’s DFI or routing number is 075907947. The DFI Account Number is the individual’s Health Savings Account number.

Does PayFlex HSA rollover?

PayFlex Systems USA, Inc. shall accept the transferred funds as a transfer to the HSA of the Account Owner and immediately deposit the funds. PayFlex Systems USA, Inc. (PayFlex) is willing to accept HSA, MSA or IRA funds that the current trustee or custodian holds in accordance with the above instructions.