Which of the following decisions would a Health Savings Account (HAS) owner NOT be able to make?

• A. The Timing of Distributions
• B. How Much the Employer Contributes
• C. Which Expenses Are Reimbursed
• D. The Investment Options Within the Account

Answer: (B)

An HSA owner has control over how the funds are used and invested, but not over what the employer contributes. You can decide when to take distributions for qualified medical expenses and you can choose which expenses to reimburse from the account, within the rules. You can also select the investment options offered inside the HSA to grow the balance.

What you cannot control is the amount the employer contributes. The employer’s contribution is set by the employer’s plan policies and may be fixed or discretionary; it’s determined by the employer, not by the individual account holder.