When it comes to managing your Health Savings Account (HSA), keeping accurate records is crucial for compliance and peace of mind. Here are some key points to consider: - **Types of Records**: You should maintain records related to contributions, withdrawals, qualified medical expenses, and any reimbursements. - **Retention Period**: It is recommended to retain these records for at least seven years after the tax year. - **Documentation**: Keep receipts, bills, statements, and any other relevant documents to support your HSA transactions. - **Electronic Storage**: Utilize secure electronic methods to store your records, ensuring easy access and protection. - **Separate Accounts**: If possible, maintain a separate account dedicated solely to your HSA transactions and documentation. In addition to these guidelines, consult with a financial advisor or tax professional for personalized advice on record-keeping best practices for your HSA.

Maintaining your Health Savings Account (HSA) requires diligent record-keeping, which is essential for ensuring compliance and providing you with peace of mind when it comes to managing your healthcare finances.