Should I Use a Debit Card Issued by My Health Savings Account?

Welcome to Ask Clark, a column designed to answer your financial questions, by money expert Clark Howard.

Is It OK to Use a Debit Card Issued by an HSA?

A.J. from Kentucky asks: “I understand that Clark doesn’t like to use debit cards because credit cards offer more consumer protections. I have two HSA accounts; however, both of them automatically issue debit cards to use for health care expenses whether in person or online. So what do you think about using your debit card through your HSA account?”

Clark’s Take on Whether You Should Use a Debit Card Through an HSA Account

Clark says: “That is A-OK. The kinds of transactions you’re doing for medical reimbursement for an HSA [Health Savings Account] are not controversial and not the kinds that you’re going to have to worry about, like disputes with the merchant or failure to deliver goods and services. So I’m not worried about that as a method of payment. “

“The great news is that you have an HSA, which is the best tax-advantaged account we’re offered as taxpayers in the United States.”

Want to learn more about HSAs? Here’s everything you need to know.

To hear Clark’s full take on this question, listen to the segment:

Do you have a question for Clark? Use this form to ask him! And remember that you can listen to the Clark Howard Podcast at any time here.

If you have a question but don’t want to go on-air, contact Clark’s Consumer Action Center for free money help.

More Resources From Clark.com:

• What Is a Flexible Spending Account?
• 10 Ways to Save Money on Health Care
• 10 Things to Know Before You Use GoodRx