How to Identify If You Have a HSA or MSA Account

Health Savings Accounts (HSAs) and Medical Savings Accounts (MSAs) are popular options for managing healthcare costs, but many people may not be sure if they have one. Here's how to identify if you have an HSA or MSA:

Check with your employer: Many employers offer HSAs as part of their benefits package. You can ask your HR department or check your employee benefits portal to see if you have an HSA or MSA.

Look at your bank statements: If you have an HSA, you will see contributions to it on your bank statements. These contributions are usually made pre-tax, so they may not be listed as regular income.

Review your healthcare plan documents: Your HSA or MSA details should be outlined in your healthcare plan documents. Look for terms like 'HSA,' 'FSA,' or 'MSA' to identify the type of account you have.

Check with your healthcare provider: Some healthcare providers may offer HSAs or MSAs along with their services. Contact your provider to inquire if you have one.

Health Savings Accounts (HSAs) and Medical Savings Accounts (MSAs) are important tools that can significantly help you manage healthcare costs. To find out whether you possess one of these accounts, start by:

Checking with your employer: Many companies provide HSAs as a part of their health benefits, so don’t hesitate to reach out to your HR department or log onto your employee benefits portal.