Can I make a cash withdrawal from my HSA?Yes. You can withdraw funds from your HSA anytime. But keep in mind that if you use HSA funds for any reason other than to pay for a qualified medical expense, those funds will be taxed as ordinary income, and the IRS will impose a 20% penalty.
How do I transfer money from HealthEquity?Request a transfer. Complete the transfer request form.. Return the completed form to HealthEquity by mail or through Help Center.. Funds will be accessible in your account as soon as we receive them. ... . When your funds have been processed, we will email you and funds will be available within two business days.. How do I withdraw excess HSA HealthEquity?To remove excess contributions, complete the HSA Distribution Request form, indicating Excess Contribution Removal as the reason for the distribution request. If you have excess contributions due to a contribution error made by your employer, use the Correct Contribution Error – HSA Distribution Request form instead.
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