If this happens, you could:

  • Pay the provider out of pocket and reimburse yourself over time as your payroll deductions (or after-tax contributions if you are a retiree) are deposited into your HSA. You could reimburse yourself by using your HSA checkbook, or go online and transfer funds from your HSA to your bank account.
  • Access other savings or short-term investments you have.
  • Increase your annual election up to the IRS limit if you have not already done so.

Remember: One of the main purposes of an HSA is to provide long-term savings that grow. Having a tax-protected “nest egg” at retirement to pay medical expenses and Medicare premiums adds a level of financial security for your retirement years.

This website provides highlights of the Hess Corporation benefits plans and programs for 2020. If there is any discrepancy between the information provided on this website and the official plan documents, the official plan documents will govern. Hess reserves the right to amend or terminate the plans at its discretion at any time.