There is no fee to use your Lively HSA debit card. The IRS requires you to save detailed receipts for each payment from your HSA and your dashboard makes it easy to save them all in one place. Get in the habit of uploading your receipt to your Lively dashboard after each payment using the Lively mobile app.Once you verify the expense matches your EOB, pay the bill with your debit card. Don't pay until your insurance processes the claim.To ensure that you’re paying only the portion you owe, wait for an Explanation of Benefits (EOB) and bill for any expense that needs to be run through your health insurance plan.Only pay with your card at the provider only when your portion of the expense is clear, for example at the pharmacy.Choose credit when paying - it will help more of your payments process smoothly.Once debit card is active and ready to use, follow these tips to get the most from your HSA spending: In addition, your transactions will be tracked in your account’s online dashboard. You can use it wherever Mastercard or Visa is accepted, and there’s no need to transfer money in order to reimburse yourself for payments made out of pocket. Paying for qualified health expenses with your debit cardĪn HSA debit card gives you immediate, convenient access to your HSA funds for qualified out-of-pocket medical expenses and puts the tax-savings power of an HSA to work for you. That way they can pay directly from your HSA each time they have a qualified expense. You can also request up to three additional debit cards for a spouse or dependent children at no additional cost, even if they are not on your health plan. Once you receive your debit card, you can activate it by following the instructions that came along with it and your card will be ready to use. Lively’s website enables you to manage your HSA online, from transfers to receipt uploads to investments, but your HSA debit card is a critical tool when it comes to spending your HSA balance on qualified health expenses. And if you have an account with Lively, using your debit card in addition to our mobile app or website means that your HSA is fully accessible anywhere or anytime. Your HSA can help you reduce your out-of-pocket healthcare expenses and your debit card is the safest and easiest way to make payments from your HSA balance.
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