What is the tax treatment of earnings on amounts in an HSA?

Earnings on amounts in an HSA are not taxable when credited, nor when the funds are withdrawn, if the withdrawal is for qualified medical expenses. If the withdrawal is for non qualified expenses, the accountholder will owe income taxes and a 20 percent penalty.

Introducing UMB HSA Saver

UMB HSA Saver is a unique investment platform designed with ease in mind. Account holders can easily research, buy and sell funds with a couple clicks.

How to Use ReceiptVault

Easily track and manage your healthcare receipts using ReceiptVault.

HSA FAQ Resource

Find answers to your most common HSA questions in our comprehensive HSA FAQs section.