Your health account(s) provide great tax advantages on contributions, distributions, and earnings. We'll help you manage your account(s) by providing you with certain tax forms and instructions for your tax filing.
Health Savings Account (HSA)
You will receive the IRS Form 1099-SA and IRS Form 5498-SA either by mail or electronically (based upon your elected delivery preference). These IRS tax forms are also available in the Member Website.
IRS Form 1099-SA is provided for each HSA distribution you made in the current tax year. You will receive a separate 1099-SA for each type of distribution made during the tax year. The five distribution types are 1) normal; 2) excess contribution removal; 3) death; 4) disability; and 5) prohibited transaction. This information is used to complete IRS Form 8889.
IRS Form 5498-SA provides you with all the contributions made to your Health Savings Account in that tax year. This information is used to complete IRS Form 8889.
For more information about your HSA tax forms, view Tax Time 101.
Related Documents Available From the IRS Website
IRS Form 8889 is used to report HSA contributions, distributions and your tax deductions. You will complete this form using IRS Forms 1099-SA and 5498-SA provided by HSA Bank.
IRS Form 8853 is used to file Medical Savings Account (MSA) contributions and distributions if you currently have an MSA or have transferred your MSA to an HSA.
Health Reimbursement Arrangement (HRA), Flexible Spending Account (FSA), & Commuter Benefits
Unlike HSAs or Archer MSAs, which must be reported on Form 1040 or Form 1040NR, there are no reporting requirements for HRAs, FSAs, or Commuter Benefits on your income tax return. Therefore, HSA Bank will not send you any tax forms for these.
For information on the interaction between a health FSA and an HSA, check out IRS Publication 969 (see the section "Other employee health plans").
NOTE: HSA Bank does not provide tax advice. Please consult your tax advisor.