How Do I Know If I Received a Distribution on My HSA?

Knowing if you received a distribution on your Health Savings Account (HSA) is crucial for managing your finances effectively. An HSA distribution is when you withdraw funds from your HSA for qualified medical expenses.

Here are some ways to determine if you received a distribution on your HSA:

• Check your HSA account statement: Most HSA providers issue regular statements detailing any deposits, withdrawals, or distributions made from your account.
• Review your transaction history: Log in to your HSA account online or check your mobile app to view the transaction history. Look for any recent withdrawals or distributions.
• Consult your HSA administrator: If you are unsure about a specific transaction, reach out to your HSA administrator or customer service for clarification.

Keeping track of HSA distributions is essential for your financial health. One effective way to verify if you've received a withdrawal from your Health Savings Account (HSA) is to regularly monitor your account statement.