I have an HSA that apparently I was ineligible to hold due to the fact that I had a secondary insurance. Only my employer made contributions to it, I did not.
My employer is going out of business and I will be responsible for the account maintenance starting in May.
I understand that if I withdraw the money not for a covered medical expense it is subject to income tax and a penalty fee.
Is this my best option if I currently have no expenses that would be c0vered? Is there any risk or repercussions that I was technically not eligible to open the account in the first place?