for questions that relate to the health savings accounts. An HSA is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high-deductible health plans.

learn more… | top users | synonyms

2
votes
3answers
32 views

Health Savings Account Distribution Maximums

I had foregone Dental Insurance this year because all previous years I had spent more paying for the insurance than any procedures cost. Naturally, I had to have a tooth removed and an implant put in ...
0
votes
3answers
75 views

Can a custodian refuse prior-year IRA/HSA deposit postmarked April 15?

When switching from a bank to a credit union for an HSA. The old bank had the following text on the DEPOSIT SLIP, which was provided in the envelope together with their VISA debit card: Prior ...
1
vote
2answers
42 views

How do I correct an HSA distribution when I was refunded by a health provider?

At work I'm covered by an HDHP with an HSA. My dentist has the policy of estimating the amount that my insurance will cover and asking for the remainder at the time of service. On my most recent ...
3
votes
0answers
68 views

Can return fees be reimbursed from an HSA?

Suppose I buy some prescription eyeglasses from an online site. Then suppose after I get them I decide I don't like them, and I return them. In such a case, the seller may charge me some fee (e.g., ...
1
vote
1answer
70 views

How do I enter my HSA in Turbo Tax Online?

I changed jobs last year. My old company offered an HSA and my new one doesn't. I used my HSA for medical expenses totaling about $700. There is still some money in it, I think. I'm not really ...
1
vote
0answers
36 views

Part III of Form 8889 (2014)

I don't understand Part III of Form 8889. I was an "eligible individual" for the entire year of 2014. I believe this requires me to input $3300 on Line 18. Is this correct? I had $297.78 gross ...
0
votes
0answers
62 views

Filling form 8889 Part I and form 1040 line 25

I started contributing to HSA last year and have some doubt about claiming the tax deduction. My situation is as follows: I enrolled in HDHP plan starting May 20th 2014. I am still enrolled in the ...
2
votes
1answer
74 views

Flex spending accounts and hsa when changing jobs

I have 2 issues related to a job change and my FSA with my previous employer I gave a two week notice on 2/23/2015. The employer chose not to keep me in the office for those 2 weeks, but would pay ...
4
votes
1answer
106 views

What is the penalty for having an HSA and Medicare?

If I open a HSA my employer will contribute $1000 yearly, but I am not supposed to contribute to an HSA because I have Medicare Part A. What is the penalty for contributing to an HSA when you have ...
4
votes
1answer
126 views

Do I have to wash money through HSA account?

I paid for my eligible health expenses from my regular account at the end of 2014 and beginning of 2015 because I did not have enough money on my HSA account. Now that I realize that I can contribute ...
2
votes
2answers
75 views

When using an HSA debit card for qualified medical expenses, do you typically need to mail your provider proof?

How would Fidelity (who I have my HSA through) know that what I withdrew money for was actually a medical expense? And how does it get reported to count towards my deductible?
2
votes
1answer
51 views

What is HSA contribution limit with 75% HRA compensation?

I have HDHP family plan through my employer with $3000 family deductible. My employer also has HRA that covers all my expenses after 750$ and before $3000 (=75% of 3000 deductible). I claimed only ...
3
votes
1answer
72 views

What are the rules regarding HSA spending on Medical/Dental tourism?

My wife is in need of a very expensive dental procedure and we are considering the option of Dental Tourism. Specifically, going to Costa Rica to a clinic where we can have the procedure done, ...
1
vote
0answers
38 views

How to record HSA-reimbursable medical transaction into gnucash?

I'm using gnucash to record my finances (but it should apply to any double entry accounting system). I wonder how should I record transactions for medical expenses which I can reimburse from HSA (and ...
1
vote
1answer
61 views

Health Savings Account Insurance Reimbursement

I have an HSA for my HDHP to which I contribute the maximum IRS allowed pre-tax amount every year to save up for future medical expenses. Last year (2014), I had my wisdom teeth removed, and the cost ...
1
vote
1answer
68 views

HSA contribution and self HDHP

I enrolled in HDHP plan starting 2014 Nov 3rd. I also have an employer sponsored HSA plan, where my employer contributed $250 towards the 2014 limit in Jan 2015. Before this I never had an HSA ...
1
vote
3answers
462 views

Can I use a different HSA than PayFlex that came with aetna?

So my insurance aetna came with a PayFlex HSA. I dont think I like the investment options Harbor Bond HABDX Bond Fund Managers Intermediate Duration Government MGIDX Bond Fund Dodge ...
5
votes
1answer
133 views

Wife has FSA with employer, and my new employer offers an HSA plan. What to do?

Current Situation My wife currently has a general health FSA with her employer. The fiscal year started on October 1. We have spent about a third of the money in the account, but she obviously has ...
5
votes
4answers
418 views

Which is better: Employer-sponsored HSA or opening an HSA individually?

So I know that: Employer-sponsored HSA's allow you to deduct contributions directly from your paycheck, pre-tax With individual HSAs, you must contribute using post-tax dollars, then deduct those ...
6
votes
1answer
83 views

HDHP Part of Year, HSA Max Contribution

What HSA contribution limits exist if a person for a portion of the year had an HDHP plan and for another portion of the year had a co-pay plan? Examples: Jane worked for Company A for four months ...
0
votes
0answers
35 views

Are there HSA's with zero interest and low fees?

I am searching for a HSA plan that has no earned interest and money saved as cash. I have found several that have interest rates like 0.4 percent and even one with 0.01 percent. Unfortunately, ...
2
votes
1answer
51 views

Maxing out HSA after maxing out Roth IRA

Let's assume a hypothetical individual is a contractor working in the US and paid with 1099. He does not have any other employees and his business is not registered anywhere. He is in his mid ...
3
votes
1answer
203 views

What are my HSA contribution limits if one, but not all members of the family are covered by an HSA-eligible plan?

My understanding is that when a person enrolls in an HSA-compatible health plan, he may contribute $3300 to an HSA. For example, if Adam is enrolled in an HSA-compatible plan, he may contribute $3300 ...
4
votes
1answer
75 views

Should I treat HSA as taxable or non-taxable in deciding on bonds if my state does tax it?

If my home state of California taxes the gains in HSA, should I use tax-efficient investments (for example Muni bonds), or should I assume that the market arbitrage on the taxable accounts so using ...
1
vote
1answer
123 views

Is there a time limit on claiming medical expenses for HSA?

I use my HSA as a savings vehicle. From what I'm reading it seems that there is no limit on the time between when the expense was incurred and when it can be claimed against an HSA except that you ...
3
votes
5answers
1k views

Is this HSA too good to be true?

I am grandfathered into this PPO plan which we have one more year before they get rid of it. I think the HSA plan is better now for me but wanted to check. Is this HSA plan better for me? If I ...
4
votes
1answer
1k views

Withdrawing HSA excess contributions?

I just got married a couple of weeks ago. I have a self-coverage only HDHP through my employer, with an HSA funded by my employer ($3000 per year). My husband has a family-coverage HDHP through his ...
0
votes
1answer
56 views

Post-tax HSA contributions above the IRS limit

Through a payroll error this year I over-contributed to my HSA. I know that I am able to request a taxable disbursement for this amount before my filing date. However, I am having difficulty finding ...
3
votes
2answers
92 views

What are some pre-tax programs similar to FSA that I can take advantage of?

I recently found out about Flexible Spending Accounts and was surprised to learn they could be used for Lasik, essentially saving me a good portion of the cost by making that income not be taxed. Are ...
6
votes
2answers
3k views

Comparing HDHP vs PPO Plans: Am I missing something?

It's that time of year at work that we're needing to renew our insurance carrier. HR decided to continue the two PPO plans we previously had available, while adding an HDHP + HSA plan. I've compared ...
7
votes
3answers
283 views

What should I do with my HSA?

I recently changed companies, and the new employer does not have a HDHP. I have just under $2,000 in my HSA, but without any medical expenses to spend it on, it's just sitting there, slowly being ...
4
votes
2answers
97 views

Can I transfer HSA into my spouse's account?

The title says it all, my wife just quit her job and we're moving back into my insurance. Her HSA custodian charges $5/mo in service fees, which we don't want to deal with. Can we roll her HSA into ...
6
votes
1answer
901 views

Can I use an HSA to pay financed payments for LASIK?

I understand that an HSA can be used for qualified medical expenses, and that LASIK falls under this category. I'm considering getting LASIK done and would like to use my HSA to pay for it. However, ...
2
votes
1answer
49 views

Is my HSA contribution “individual” or “family” if I had a qualifying event mid year?

I started 2014 with a "family" HDHP. At the end of February my spouse started a job with her own coverage (not HDHP) and we added our child to her new "individual + child" plan and converted my ...
2
votes
1answer
187 views

Allocation of HSA assets

I have a health savings account (HSA) linked to my high-deductible health plan (HDHP). I have been contributing to it for several years at the annual maximum. I have the HSA through UMB. The account ...
2
votes
1answer
119 views

Removed Excess Contribution HSA in next calendar year, received 1099-SA in current year

For Tax Year 2012 I had an excess contribution to my HSA. In calendar year 2013, before the filing deadline I removed the excess contribution to avoid the penalty. However, the bank holding my HSA ...
4
votes
3answers
301 views

I'm getting gouged on prices for medical services when using my HSA plan. How to be billed fairly?

I had never given a second thought to the details of the bills that my health insurance (HI) company used to send me until I moved to a HSA plan. My typical (before the HSA plan) bill claim would be ...
3
votes
1answer
91 views

Max up HSA contribution for 2013

I and my employer made less than $3250 contribution to my HSA in 2013. I heard that I could still make contribution for 2013 before 4/15/2014. If this is true, and I deposit my personal money to HSA ...
5
votes
2answers
148 views

Are HSA administrative fees considered distributions?

Upon leaving my previous employer my HSA custodian started dinging me with a monthly "administrative billing fee". I've taken no non-qualified distributions from the HSA but received a 1099-SA with a ...
3
votes
3answers
5k views

How should pre-tax contributions to an HSA show up on a W2?

How should pre-tax contributions to an HSA account show up on a W2 from an employer? I thought they would show up like 401k or similar but that doesn't appear to be the case. If I made $50K and put ...
9
votes
4answers
1k views

Can a US expat have and use an HSA for the tax benefits while living abroad?

I am a US expat living abroad. As some of you may know, I still have to pay US taxes on my foreign income, even though I've been abroad for more than 5 years. That said, I obviously want to minimize ...
2
votes
2answers
60 views

How are HSA contribution limits calculated when filing taxes jointly?

My wife and I both have HSA accounts, which we intend to max out. We are not dependents on either's accounts not any other dependents in each of the accounts. We also can easily max out the single ...
1
vote
1answer
196 views

How can I withdraw a mistaken HSA contribution?

I had an automatic contribution to my HSA set up, and forgot about it. When the new year came, my health coverage changed, and I'm currently not eligible to contribute to the HSA, but an automatic ...
3
votes
1answer
189 views

Initial investment limit for an HSA? An IRA?

A fairly simple question but I had troubles finding the answer. (Apologies if the answer is well-known.) HSAs have a yearly contribution limit, as do IRAs. However, is there a maximum limit for the ...
3
votes
1answer
246 views

Does it make sense to max out contributions earlier in the year?

Let's say a person is making regular monthly contributions to his/her Roth IRA, HSA, and 401K with employer match, up to annual limits. All contributions are put into index funds. Assuming this person ...
0
votes
1answer
5k views

California state taxes on Health Savings Accounts

I recently started an HSA. For federal income taxes this is a great deal because I get to contribute pre-tax and take tax-free distributions for medical expenses, or after age 65 I can take ...
2
votes
1answer
110 views

Is there a problem with buying small amounts of a no-fee mutual fund every two weeks?

I am treating my HSA as a retirement account. To max it out I contribute about $100 every pay period (roughly every two weeks) pre-tax, plus employer contributions sprinkled in occasionally. Once I ...
8
votes
1answer
181 views

What happens to an HSA when I am no longer eligible to contribute?

Can I still make qualified distributions from an HSA (Health Savings Account) if I am no longer eligible to contribute? Otherwise, what happens to any remaining balance in the HSA? Example: Say I ...
4
votes
1answer
1k views

If I don't participate in my employer-sponsored FSA, can I open my own HSA?

My employer offers/manages an FSA (Flexible Spending Account) as part of my health care plan. I put in $800 last year and barely managed to use it up, including expenses in the allowed grace period ...
6
votes
1answer
121 views

Rules about spouse's HSA

My spouse and 2 kids have high deductible insurance, but I do not. If my spouse contributes to an HSA, could that money be used for my medical expenses, or only for expenses for the rest of the ...