Sorry, sorry. I’m as clear as mud today - spent all my brain cells on figuring this debacle out.
So, pre-tax money gets taken out and put in the HS account.
We pay for healthcare expenses out of our regular budget money, and get receipts.
When I get off my lazy ass finally, I make a table and enter the date, provider name, amount charged, amount paid by insurance, and amount paid by us for each office visit, attach the Explanation of Benefits for each, and send it to the HSA company.
HSA company sends us a check. (We can get the full amount we pledged for the year, even if we haven’t yet contributed it all yet. Don’t ask me what happens if he gets fired or something during the year.)
So, essentially it’s a tax-free, time-traveling savings account, which is pretty cool.
And I paid a buttload of money to my physical therapist this year, so we were close to cashing in the full value of the account.
Except it doesn’t exist.
And yeah, we’ve been getting that money in each paycheck (less taxes) anyway, but I didn’t realize it, so I’ve been budgeting it out to auto repair, groceries, etc.
(Update: Hubbie has decided to cash in enough stock options to cover my costs, so at least I don’t have to worry about paying for school!)