Yes, receipts are required as per the IRS regulations: every HSA holder is required to keep receipts for every Health Savings Account (HSA) purchase. This is because HSA distributions (money spent from an HSA account) are nontaxable, so long as the money is used to pay for qualified medical expenses, and this is where receipts come into play.

If you aren't sure how to add a receipt to your transaction, check out this article as well.

Questions? We are happy to help! Please reach out to Benepass Support for any assistance.