HSA Investment Management Fee I have a perk with my HSA that allows me to rollover a certain monthly amount to an HSA Invest account. There are no fees to rollover, however, there is a .25% annual management fee. Do you think this would be worth doing? Otherwise, it will be sitting in my HSA checking account at .01%. submitted by /u/EmphasisDesperate783

HSA Contribution and Tax My employer contributed to my HSA last year. We haven’t done any transaction in that account, only the balance with the employer’s contribution. Do we need to file tax on their contribution? How should we proceed? They didnt send us any tax form to be included in our file submitted by /u/Something-5161

Maxing out HSA Roth IRA and 401k what next? My goal is to retire as early as possible, Im currently maxing out my Roth IRA my HSA and my 401k. Where else can I put my money to grow my money by retirement. I don’t currently have 50k in liquid money that I would need to speak to an FA at my bank but I also don’t want to wait until I get that with just a HYSA until it gets to 50k. Where shou…

Reconciling/maxing out HSA that has not been put to good use Seeking advice on how to maximize HSA after not making good use of it for a couple years. Started work Jan 2022 and had HSA since I started working. I have never contributed a single dollar to it yet. Please don’t ask why or criticize – the past few years have been rough for me and I didn’t do the research I should have. Just seeking advice on w…

HSA investment account not growing ? As the title states I have a HSA and make regular contributions, last September I reached the threshold to add a certain amount to investments and I did so accordingly, however since doing this and adding to the investment balance. I’ve yet to see any growth/loss in this account. The balance is just what I’ve put since September 2024. For refer…

1099-SA showing $0 despite HSA being used It’s my second year with an HSA account, and was issued a 1099-SA for my taxes. I didn’t use the account at all in 2023, but 2024 I did reimburse myself for some medical expenses. I’ve always done my own taxes, and want to make sure I’m entering it correctly this year. When I open my 1099-SA it shows $0 for my gross distribution, despite me usin…

Paid full price for dental cleaning through HSA. Later I was reimbursed from dental insurance for a portion. Do I pay the HSA back? First of the year cleaning, and the dentist only submits the claim to the dental insurance company, but I am responsible for all costs up front. I paid the full $300 at the time of cleaning. I pay with my HSA card. They submit the claim. A month later, I have a check from the dental Company for $260 to cover the cost minus my $40 deductable. Do …

Spouse HSA transfer alternative Calling all Redditors more knowledgable than me. Here’s the scenario: spouse has accumulated 8K in HSA money over several years spouse left job this past year we got pregnant 🥳 find out that my individual out-of-pocket max for insurance is 6K if you don’t know, birth in the US is expensive and Ive been quoted a price range of $11K – $21K if …

HSA for prior tax year question I just started an HSA this year, we have had early some medical expenses that we had to pay directly as the HSA does have enough funds currently to cover. I believe I am able to contribute a lump sum the to HSA and claim it on this years tax filing (2024), until April 15, is that correct? If so, it seems to make sense to at least put into the H…

HSA rollover purgatory – advice needed So as a good person, I have HSA with about 30k on it from previous employment. My current employer offers the same, with the same custodian wex. I got new wex hsa acount and put about 10k in there over last 2 years. Apparently the accounts cannot be merged. Fine. I ended up paying fee for having my old account. Now the current employer switched …

Roth vs. traditional IRA & HSA I am 63. Everything is paid off. I am still working. I have traditional IRA ( with IRA CDs), Roth IRA , HSA, and savings including CDs. I was hard headed due to higher interest rates, focused on CDs and maxing out IRA & HSA, with my least focus on Roth. Is the case for Roth that since withdraws not taxed, my focus should be on Roth first? Should…

Prior year HSA contributions If you have a HDHP in 2024 but not one in 2025 can you make a contribution to your HSA characterized as a 2024 contribution between 1/1/25 and your tax filing deadline? Assuming you are still under the contribution limit for 2024. submitted by /u/Aggressive-Leading45

HDHP Plan with Kaiser – HSA Question I recently switched to an HDHP plan so that I can open a HSA. I am paying for it myself, not through my employer. I read somewhere that if it’s not through the employer, the health-insurance company may contribute a portion of my premium to my HSA. Is this true? Also, any recommendations for where to open an HSA? I anyways would like to do it be…

HSA investing with Inspira-need resources to learn I have about $7,000 in my HSA that I need to invest. I am contributing the max this year as well. I am not going to use the funds to pay for direct expenses, rather, ask for reimbursement at a later date (maybe at the end of the year for the previous year’s expenses). The account is through my employer (Inspira). I also have a dependent child f…

NJ HSA, still contribute or no? I’m a recent college graduate planning to enroll in my employer’s health insurance plan. Company contributes $500 regardless, should i contribute to HSA even though in NJ, the triple tax advantages aren’t there? Lets say i have already contributed enough to match 401k and reached yearly contribution limit for ROTH IRA. submitted by /u/A…

Should I Transfer My HSA from HealthEquity to Fidelity? I’m debating whether to transfer my HSA from HealthEquity to Fidelity and would appreciate some advice. Here’s my situation: My employer does not contribute to my HSA, so I don’t get any extra benefits from keeping it with HealthEquity. The contributions are post-tax, so there’s no pre-tax payroll benefit. HealthEquity charges monthly fees whil…

HSA use for a spouse I am currently the only one working and I have Insurance for both of us and HSA account. After I retire at 63/64 I will use HSA to pay for COBRA premiums until I am 65 and qualify for a Medicare. What about my wife, who will need to get her own insurance until she is 65 – can she use HSA for premiums even thouh HSA was through my work? submi…

Rebilling lasik to be after HSA establishment date? Hi all, I’m getting LASIK next week and am trying to make sure I have all my ducks in a row first. When I started my job, I fucked up and forgot to sign up for insurance. Instead I had to sign up through marketplace for a high-deductible plan (HDHP), and it won’t come into effect until February 1st. Meaning I can’t establish my HSA until then, a…

Post tax HSA contributions I’m new to HSAs. I just started one in October and have $200 a month being put in pre-tax. When it reaches $1000 I can start earning with it. Well, I came into a bit of money over Christmas and I’m wondering if it would be advantageous to put some of the money into my HSA. The detail I’m really wondering about is will this reduce my income tax l…

Retroactive HSA Withdrawl Assume I was in an HDHP in 2023 and contributed 5,000 to my HSA. In 2024 I was not eligible to contribute, and incurred medical expenses of 3,000. In 2025, can I withdraw 3,000 from my HSA for the 2024 expense? Assume my AGI is high enough that 3,000 isn’t above 7.5% of AGI. My understanding is I can do this. If I cannot, why? Reason to do this …