What if my total contribution for the year (exclusive of rollovers from other HSAs) exceeds the IRS limits?
Complete and mail or fax a Withdrawal/Distribution form located at DefinityHSA.com or through the HSA links on myuhc.com. If you request a refund, there is no penalty as long as the distribution is made before the tax filing deadline, generally April 15. Earnings on the excess amount are taxable; however the 6 percent excise tax will not apply as long as the excess contributions and earnings are paid out before the due date (including extensions) for filing your tax return. Consult the HSA Schedule of Fees and Charges for the fee associated with this transaction.
