What types of tax statements will I receive from Meus Bank?
You are ultimately responsible for all contributions to and distributions from your Health Savings Account (HSA). Meus Bank will report annually to the Internal Revenue Service (IRS) and you on form 5498-SA all contributions made by you into the account. We will also report annually the total amount of distributions made by you to the IRS and you on form 1099-SA. Regardless of the source of the contribution or method of distribution and whether the distribution was used for qualified medical expenses, we will report all in total. Adherence to IRS regulations and restrictions is the sole responsibility of the account owner and not Meus Bank. You should consult a tax advisor for guidance.
Related Questions
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