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brl88c73
March 28, 2022
Question

HSA Account

  • March 28, 2022
  • 1 reply
  • 0 views

What can I do if I was registered into an HSA and I don't have a high deductible medical coverage? 

    1 reply

    M
    MinhT1
    March 28, 2022

    If you do not have a HDHP, you are not allowed to contribute to a HSA.

     

    If you have already contributed for tax year 2021, you need to ask to withdraw the excess contribution (together with any related earnings) before April 18, 2022 to avoid the excise tax of 6%.

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