The Flex Reserve keeps track of how much money you are eligible to reimburse yourself. The amount is calculated based on the entries you make into your Health Spending Journal. You can reimburse yourself from your HSA at any time tax-free-up to your available balance!
Here’s how it works:
- Record expenses not made through your HSA. You can add them manually or by linking your credit card statement. Expenses dating back to your account establishment date can be added.
- In your account settings, set up your savings or checking account to receive the funds.
- Pay yourself back the amount in your flex reserve with a few clicks or set up an automatic sweep. The money goes to your checking or savings account without being subject to income or payroll taxes!
If you don’t have any money in your HSA, edit your deduction and pay yourself back as soon as you have a balance!
Here is a PDF that outlines the process: