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myHSA

How to Maximize your Benefits with myHSA

Getting the most out of your benefits with your health and wellness spending accounts is easy, but it does take a little preparation! We have a few simple tips on how to get the most out of your flexible benefits and take care of your health and wellness.


1. Understand Your Plan

  • Know Your Coverage: Familiarize yourself with your plan and what your spending account covers. You can find the list of eligible expenses for your plan on your dashboard on the myHSA app.

  • Track Your Balance: Use our app to monitor your balance to avoid overspending and ensure you have funds available for necessary expenses.

2. Plan Your Expenses

  • Budget for Regular Expenses: Allocate funds for ongoing and anticipated health needs like prescriptions and dental care.

  • Save for Emergencies: Reserving a portion of your funds for unexpected medical expenses can give you peace of mind, ensuring you won't have to pay out of pocket for emergencies.

3. Take Advantage of Preventive Care

  • Routine Check-Ups: Use your spending account to cover preventive services such as physiotherapy, dental cleanings, and chiropractic care. Preventative care can help your health and finances in the long run!

4. Leverage the Non-Taxable Benefits

  • Non-Taxable Reimbursements: Claims and reimbursements through your HSA are non-taxable, which lowers your taxable income and enhances your spending power.

5. Use Our App!

  • myHSA App: Available on both iOS and Android, the myHSA app helps you track expenses, submit claims, and find covered services. Take full advantage of these tools for greater convenience and efficiency.

6. Keep Receipts

7. Educate Yourself

  • Stay Informed: Make sure you’re familiar with your spending account details and read through your covered items! If you have a Wellness Spending Account (WSA), or an HSA combined with a WSA (myFlexplan) then you have even greater opportunities to take care of your health and wellness in the way that works best for you. Click here for a breakdown on the differences between an HSA and a WSA.

8. Coordinate with Other Benefits

  • Use Other Accounts: If you have other benefits like insurance, coordinate their use with your HSA to optimize your overall benefits strategy.


By using these tips, you can get the most out of your health spending account and maximize your health and wellness benefits. Keep in mind that a WSA plan may have its own rules and covered items, so be sure to review the details and eligible items on your dashboard.

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