No, not at all, but you should consider getting one. You will be able to make contributions into your HSA and pay for qualified medical expenses using your pre-tax dollars! Why waste money if you don’t have to? Even if you don’t have the money to put into an account today, you can open an account and “establish” it by funding it with as little as $0.01. The moment you do that, all qualified medical expenses become eligible to be reimbursed out of your HSA whenever you do have funds to put into it.
Articles in this section
- What is an HSA?
- How Does an HSA Work?
- What are the benefits of an HSA?
- What are the requirements of an HSA? Am I eligible?
- What designates a qualifying High Deductible Health Plan?
- Do I have to get an HSA if I am on a High Deductible Health Plan?
- How does money get into my HSA account?
- How can I get an HSA?
- If I have a family, can I still have an HSA?
- Can I have a joint-HSA with my spouse?