Questions tagged [hsa]

For questions that relate to health savings accounts in the USA and health spending accounts in Canada, and any similar accounts in other jurisdictions. Must include an appropriate country tag.

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Are US HSAs taxable in the UK?

I'm working temporarily in the US, but I'm from the UK. I have a Health Savings Account (HSA), which works similarly to a retirement account (penalties for withdrawals before 65, free thereafter; tax-...
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0answers
58 views

What defines a transportation-related medical expense to be “primarily for, and essential to, medical care”?

I'm trying to understand which transportation-related medical expenses are IRS-Qualified Medical Expenses for health savings accounts (HSA). I understand that Publication 969 defines what HSAs are, ...
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172 views

Living abroad with Mexican insurance and HSA contribution

I am United States Citizen. I lived in Mexico all of 2015, I had a high deductible health plan (HDHP) from a Mexican insurance company all of 2015 as well. My plan meets United States IRS HDHP ...
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143 views

How do I gracefully transition from a standard medical plan to an HDHP with a non-calendar plan year and multiple FSAs?

My family is on my wife's insurance and FSA which is on a non-calendar plan year (June to July), with the additional FSA through my employer which is on a standard calendar plan year (January to ...
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0answers
111 views

How are US Health Saving Account (HSA) taxed in Canada for a Canadian citizen, not a US citizen?

The HSA in question is founded while legally working in the US and being a US tax resident. However, I'm thinking of coming back to Canada. Are they just considered as a normal account? Therefore, ...
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39 views

Funding an HSA with a one-time rollover from an IRA: Documentation trail

I know it's possible to make a one-time rollover from an IRA to an HSA (i.e., up to the amount allowed by the HSA). It's possible I already did this about 10 years ago. The paperwork I have on hand ...
2
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1answer
649 views

I overlooked to file Form 8889 (HSA contribution) on my tax return. Should I file an amended return?

I filed a 1040NR-EZ tax return. Only after I mailed it, I realized that I had an HSA which requires Form 8889 and the non-simplified 1040NR to be filed. My W-2 does show a W contribution in Box 12. ...
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21 views

Deadline for withdrawing excess HSA contributions

Due to changing jobs, I've exceeded by HSA contribution for 2018 by several thousands of dollars. I went to a tax preparer and we've filed form 5329 for tax year 2018 to pay 6% tax on that excess. ...
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1answer
179 views

Credits, Refunds & Reimbursements made prior to April 15th for Prior Year HSA Qual Disbursements

Apr '19: I've recently worked w/ my HSA trustee/custodian (my CU) to correctly code HSA reimbursements transactions in early 2018 for HSA Qualified Distributions in 2017. Same for 2019/2018. So we ...
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36 views

Health Management Reimbursement Accounts (HMRAs / HMAs)

I recently heard about an interesting alternative to HSAs called "Health Matching Account Services" ("HMRAs"/"HMAs"). However, most of what I can find out about them is on the very website of their ...
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24 views

I accidently signed up for HSA and paid the money back to the state I work for

I accidently signed up for HSA and paid the money back to the state I work for. Yet my W-2 still reported $1798.37 in box 4 for HSA and I rcvd a 5498-SA form for $1194.12, the amount I paid back. I ...
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1k views

How to report end of year value of HSA account?

I need to list the HSA account balance as of December 31, 2017. It would seem to be simple to just retrieve from the 1099-SA as it shows the value of the account on that date. Let's say the account at ...
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110 views

Spouse Pre-Tax HSA Contribution

My wife and I each have (unrelated) individual insurance through our respective employers, one Blue Cross/Blue Shield, the other Aetna. Because I already have a HDHP with an HSA, she is barred from ...
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39 views

I contributed to an HSA in 2014 that was supposed to be for the previous year, but wasn't

When I contributed to my HSA in 2014, it was supposed to be for the year 2013. This wasn't done. Can I correct this? Thanks,
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14 views

Can I open an HSA if on parents health plan but not a tax dependent?

I plan to remain on my parent's health plan until I am 26. The plan is a HDHP and therefore they are able to contribute to an HSA. I know that while I was still a tax dependent I was unable to open my ...
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63 views

Forgot to file form 8889 with HSA self contribution of only $0.01, what's the consequences if I don't file amended return?

I filed a 1040NR-EZ tax return in 2018. later on I realized that I had an HSA opened in 2017 which requires Form 8889 and the non-simplified 1040NR to be filed. my own HSA contribution was $0.01. I ...