Human Resources

Your HSA funds can be used to pay for covered expenses incurred by you, your spouse, or your IRS-qualified tax dependents, even if they aren’t enrolled on your medical plan. Examples of eligible expenses include:

• Costs that apply toward your HDHP annual deductible and coinsurance (e.g. medical services, prescriptions, mental health services, etc).
• Qualified health expenses that your health plan might not cover, such as vision care (eyeglasses and contact lenses), dental and orthodontic services, and certain over-the-counter medications and supplies.

Detailed information about qualified expenses can be found in IRS Publication 502 or by contacting Nyhart.

Website: iu.nyhart.com
Mobile App: Nyhart IU Mobile for Apple or Android

Follow these instructions to create your initial web and/or mobile app accounts.

Once contributions are made to your account, you can access your funds in several different ways:

• Use the IU Benefit Card at healthcare provider locations*. The IU Benefit Card is a debit-type Visa card that can be used to pay for your eligible expenses at the time of service at any healthcare provider, such as doctors’ offices, pharmacies, hospitals, labs, vision care providers, dental offices, chiropractor’s offices, etc.
• Pay immediately by swiping your card at your provider’s office
• Write the card number on the provider’s bill and return to your provider
• Make an HSA Distribution online. Log in to your account at iu.nyhart.com and select the Make an HSA Transaction button on the Welcome page.
  • Send a payment to a provider directly from your account (no fees for payments made to providers)
  • Transfer funds directly from your HSA to a personal bank account to reimburse yourself for health expenses that you have paid out of pocket (no fees apply).
  • Send yourself one-time or repeating checks to reimburse yourself for health expenses that you have paid out of pocket (a $10 fee is charged for each check distribution sent to yourself)

* Special rules apply to the use of the IU Benefit Card when enrolled in both the HSA and the Healthcare Flexible Spending Account (FSA).

You can change, suspend, or stop HSA contributions at any time during the year by submitting an HSA Enrollment / Change Form or by submitting an Optional Benefit Change online:

1. Log in to the Employee Center using your IU username/passphrase and Duo
2. Select the Benefit Details tile
3. Select the Optional Benefit Changes tile
4. Click the green button to Start Optional Benefit Change
5. To progress through the OBC process, click the Next button in the upper right-hand corner of the screen.
6. Verify your personal information, and payroll direct deposit and tax withholding details, and make updates if needed.
7. Click the Start My Enrollment button. On the next screen click the gray Select button next to the event.
8. Under the ‘Benefit Plans’ heading, select the Health Savings Account tile and make any desired changes.
9. Review your elections by selecting the Enrollment Preview Statement button under the ‘Enrollment Summary’ heading. Click the X in the upper right-hand corner of the screen to exit the preview.
10. When you are finished making changes, click the green Submit Enrollment button under the ‘Enrollment Summary’ heading.
11. A confirmation message will appear on the screen once your elections have been submitted successfully. Additionally, an e-mail confirming your submission will be sent to your IU email address within one business day. If you do not receive an email, your changes were not submitted properly.

Yes, an investment account can be opened with Nyhart when you have a balance of $1,000 in your HSA cash account. You can choose from a wide range of mutual funds - asset allocation, fixed income and equity mutual funds – all supporting a range of investment objectives and time horizons. You can review the HSA Investment Options and Fee Schedule, review investment prospectuses online at iu.nyhart.com, or speak with an investment representative by contacting Nyhart at 800-284-8412.

Yes, however, when you are enrolled in both accounts, your FSA funds can only be used for dental and vision expenses until your HDHP deductible has been met for the year. Once the deductible is met, the funds in your FSA can then be used for medical and prescription expenses.

Also, when you are enrolled in both accounts, your IU Benefit Card will be a “stacked card.” This means that funds will automatically be drawn from your HSA when used at medical or pharmacy providers, and from your FSA when used at dental and vision providers. Once you have provided proof of meeting your annual HDHP deductible to Nyhart, the card will automatically begin pulling all health expenses from your FSA first, then from your HSA once your FSA funds are exhausted.

Enrolling in Medicare has a major impact on your ability to contribute to an HSA. It is important that you understand the consequences of Medicare enrollment. Review the Medicare & Health Savings Accounts web page for details.