What is the best way to pay for prescriptions and medical visits with our HSA?

Remember that you must always show your insurance card for purchases so the discounted carrier rate is applied and your insurance company credits the expense toward your deductible. The discounted rate for prescriptions is provided at the cash register, so use your benefit card for maximum convenience.

Do not pay for medical visits at the time of the visit. With HDHP insurance coverage, you have no copay and will be billed for the visit at the discounted carrier rate later. You will receive a bill from your doctor or hospital and an Explanation of Benefits (EOB) from your insurance company. Make sure the EOB matches your bill, and then write your HSA benefit card number on the paper invoice and mail it back or write a check.