Health Savings Account (HSA)

You made a great decision by enrolling in a health savings account (HSA)! Now that you’ve gotten the difficult decisions out of the way, use this packet to learn how to best take advantage of your account. Let’s get started!

HOW YOUR HSA WORKS

Your HSA is like a personal savings account for medical expenses for you, your spouse, or tax dependent(s). By simply participating in an HSA, you get to experience triple tax savings on your account contributions, investment growth, and qualified withdrawals. Remember:

1. Your money rolls over year to year and can be invested for long-term growth

2. The account is yours to keep forever, even if you switch health plans, jobs, or retire

3. Once you meet the $1,000 investment threshold, you can choose to invest your funds using 31 mutual fund investment options.

WHAT CAN I SPEND MY FSA FUNDS ON?

In general, you can use your HSA to pay for expenses related to medical, dental and vision that are not covered by your insurance plan. There are thousands of eligible expenses, including:

• Deductibles & copay
• Prescriptions
• Braces
• LASIK
• Glasses & Contact Lenses
• Baind-aids
• Sunscreen

GETTING STARTED CHECKLIST

Use this checklist to take full advantage of all the great resources made available to you through your Health Savings Account.

1. Set Up Your MyAmeriflex Account
   MyAmeriflex is where you’ll have real-time access to all of your account information, including your current balance, transaction history, payment status, and more. To register your account, visit myameriflex.com, select “Login to your account,” and click “HSA Participants.” Then click the “Register” link to get started.
2. Download Mobile App
   The MyAmeriflex App lets you access and manage your account anywhere you go, 24/7. It puts all of the great features of the MyAmeriflex Portal right at your fingertips. You can download the app on the Apple App Store and Google Play.
3. Register For Complimentary ID Theft Protection
   Ameriflex is pleased to offer our cardholders complimentary access to Mastercard’s comprehensive Identity Theft Protection program*, powered by CSID®. You can rest assured knowing that if your MyAmeriflex Debit Mastercard (or any other debit/credit cards you choose to register!) gets misplaced or stolen, you can utilize Mastercard’s industry-leading ID theft protection and restoration services for everything you may need. To register, visit myameriflex.com/IDtheftprotection.
4. Use Your Card
   You received an Ameriflex debit card that can be used to make eligible purchases. To request a replacement card for you and your dependent(s), log into MyAmeriflex and click the debit card icon on the top navigation bar.
5. Enroll For Direct Deposit
   To set up direct deposit, log into MyAmeriflex and click the Direct Deposit Options box in the top right corner of the homepage.
6. Start Spending (Or Saving!)
   You’re ready to make purchases. If you’re more of the saving type, you can let your account funds grow! Be sure to hang on to your receipts anytime you make a purchase. Login to MyAmeriflex for a full list of eligible expenses.