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Whose responsibility is it to ensure that I am eligible for an HSA, to monitor the contribution limits, and to use the funds for qualified medical expenses?

April 26, 2017contribution eligible ensure funds HSA limits medical monitor qualified responsibility

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Whose responsibility is it to ensure that I am eligible for an HSA, to monitor the contribution limits, and to use the funds for qualified medical expenses?

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A. As the taxpayer, you are responsible. Neither the health plan nor the HSA trustee or custodian has any obligation to verify that you are using your HSA in accordance with the law. A complete list of qualified expenses is located at the IRS Website, www.irs.gov .