When can an HSA accountholder take distributions from an HSA?

An HSA accountholder can take a distribution (withdraw funds) from their HSA at any time. Distributions from an HSA for the qualified medical expenses of the accountholder or their spouse or federal tax dependents are generally excludable from income for federal income tax purposes if such expenses are not covered by insurance. A transfer of funds from the HSA Deposit Account to another investment made available through UMB is not considered a “distribution,” and remains part of the individual’s HSA at UMB.

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 RecepitVault

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.