Author Topic: HSA account  (Read 1462 times)

learner

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HSA account
« on: December 24, 2019, 05:39:02 PM »
I moved out of high deductible plan, can I still contribute to my old HSA account and claim a deduction? Is there any tracking of my healthcare plan


lnofeisone

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Re: HSA account
« Reply #1 on: December 26, 2019, 11:49:01 PM »
I moved out of high deductible plan, can I still contribute to my old HSA account and claim a deduction? Is there any tracking of my healthcare plan

Contribute - no. Claim a deduction - as long as you have the funds in your account.

My Own Personal Hedge Fun

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Re: HSA account
« Reply #2 on: February 21, 2020, 09:08:26 AM »
Yes, 1095-C reports the type of coverage you held. I won't claim to know all the in's and out's here, but I would expect if the IRS gets 1095-C with code 1F (or any other codes that would indicate coverage that does not qualify as HDHP) and a 5498-SA reporting contributions, that's an easy audit flag.

Or, if the IRS has any knowledge of Tricare, Medicare, Medicaid, etc. as secondary health coverage also disqualifies one from making HSA contributions.