Health Savings Accounts (HSAs) are tax-free accounts that participants fund throughout the year. These accounts never “expire,” and continue to roll over year after year. Additionally, if you change employers, the account is portable, so you do not lose access to your funds.
Is documentation required?
Receipts/documentation are not required in order to access your HSA. At MyChoice Accounts, we recommend keeping personal records of your receipts and documents for your HSA-eligible expenses.
Accessing my funds
To access your funds, we recommend using your purple MyChoice Accounts debit card you received upon enrollment. Additional or replacement cards are available upon request. If you’ve already purchased HSA eligible items and would like to be reimbursed from your HSA, use your online login or MyChoice Mobile App to request a funds transfer. You can receive either a check or have the funds directly deposited to your bank account.
See the descriptions below to determine which form best suits your needs.
UMB Beneficiary Designation Form: All HSAs participants should designate an account beneficiary. Complete this form and follow the instructions for submission to ensure your HSA beneficiary is set up.
UMB Trustee-to-Trustee Transfer of Assets Form: Complete and submit this form according to the instructions if you would like to transfer an HSA from another provider TO your MyChoice Accounts HSA.
UMB HSA Account Closure Form: Complete and submit this form according to the instructions if you would like to close your MyChoice Accounts HSA.
UMB HSA Contribution Form: Complete and submit this form according to the instructions if you would like to make a post-tax (non-payroll deduction) contribution to your HSA.
UMB Excess Contribution Withdrawal Form: Use this form to withdraw funds due to contributions made to your account that placed you in excess contribution status, for a non-payroll contribution/deposit correction, or to request a disbursement related to a divorce decree.
NOTE: UMB forms require your MyChoice Accounts HSA account number. To retrieve that:
- Log in to your benefits portal, navigate to Consumer Accounts and select ‘Account Statements’ under your Health Savings Account.
- Download the most recent account statement to view your UMB Account Number, located at the top left of page 1.