After being unhappy with my combination shoebox / Excel file HSA tracking system, I designed and created TrackHSA.com to better manage my Health Savings Account. TrackHSA is the first website that allows anyone to track their HSA account activity securely online for free.
HSA’s have a lot of moving parts including funding, taxation, purchases, reimbursements, and government required record keeping. Most HSA custodians (banks) track the in’s and out’s of your actual bank account, but there is little qualitative information about what those transactions were for and how they were justified. The government requires this sort of information for tax filing and it was a pain to maintain. TrackHSA solves this by creating a log of all your HSA eligible purchases, their details, whether or not they have been reimbursed, and allows you to attach a receipt to justify the expense.
It started based on my personal aggravations with my HSA:
- keeping receipts in a shoe box
- manually maintaining purchase history in Excel on one computer
- not knowing how much I could withdraw from my HSA account to reimburse credit card purchases
- incomplete information when tax time rolled around
TrackHSA addresses this by:
- uploading a receipt to each purchase, storing it safely in the cloud
- maintaining a purchase history securely online, accessible from anywhere
- calculating your reimbursable amount based on all prior transactions
- suggests additional detail for each purchase to help with IRS Form 8889
Hopefully you find it useful, the site is free and the data is stored securely and anonymously on Google’s servers.
Please contact me at Evan@HSAedge.com if you have any questions. If you know someone who would benefit from this free service, please share it with them.