New HSA Plan: Top Tips for a Strong Start
Use this HSA plan checklist to securely set up your new HSA, enable alerts, link your bank account and confirm contributions.
Top tips for a great start when you begin a new HSA plan—Your HSA setup checklist
1. Watch for important administrator communications
When your new HSA plan year begins, your plan administrator will send critical information such as your enrollment confirmation, portal login instructions and possibly a new debit card. These communications ensure you have everything you need to start using your HSA effectively.
2. Create a secure username and password
Security matters. If this is your first time logging in to your HSA portal, update your username and password immediately. Avoid using easy-to-guess information or passwords you use on other accounts to protect against unauthorized access.
3. Enable multifactor authentication
Multifactor authentication (MFA) adds an extra layer of security by requiring a code sent to your phone or email in addition to your password. If your administrator offers MFA, enable it during your initial setup to further safeguard your HSA.
4. Turn on account notifications
Choose the account alerts that matter most to you—such as notifications for debit card issuance, claim confirmations and new external bank account links. These alerts help you stay aware of activity in your HSA and detect potential issues early.
5. Review and update your contact details
Keeping your mailing address, email and phone number up to date ensures you receive communications promptly and reduces the risk of sensitive information going to outdated contacts.
6. Link your bank account for faster reimbursements
If your plan doesn’t allow you to pay directly with your HSA debit card—or if you prefer another payment method—linking a personal checking or savings account lets you reimburse yourself quickly and easily.
7. Confirm plan elections and contributions
After your first pay period, check that your payroll contributions align with your elected HSA amounts. If you notice discrepancies, reach out to HR or your benefits representative early to correct them.
Setting up your HSA correctly when you start a new HSA plan not only enhances security but also helps you make the most of your healthcare savings and tax benefits. Follow this HSA setup checklist to ensure a smooth launch into your new plan year and to stay proactive all year long.
