Just as Healthcare has seen unprecedented changes in the past year, so have the types of benefits offered to employees. HSAs (or Health Savings Accounts) have become a more popular option for many members, with the tax free dollars offering more bang for your buck as you pay for your medical care. This departure from traditional insurance plans has created a more complex responsibility for the individual, though. Keeping track of where the dollars from your HSA are spent and what they are spent on is crucial for tax purposes as well as reconciling your account.
In order to help make this process easier, we have created a downloadable HSA tracker to input your expenses as you go. As you enter your contributions and transactions from your account, the balance automatically updates. Other tabs include spaces for you to input your important HSA information, a list of qualified and non-qualified expenses, and a sample of how to use the HSA tracker.
Click the following link to download your own tracker!
What's next? Once you have tracked your HSA and compared it to your deductible reports with insurance, you should check out our Top Ten Reasons Your HSA Does Not Match Your Deductible checklist as well as our top ten posts explaining each reason these totals might be off!
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