Your employer’s HSA contributions are reported on your W2 and included as part of the total account contributions listed on form 5498-SA.
Who gets form 5498-SA?
If you are the trustee or custodian of a Health Savings Account (HSA), Archer Medical Savings Account (Archer MSA), or Medicare Advantage MSA (MA MSA) file Form 5498-SA for each person for whom you maintained an HSA, Archer MSA, or MA MSA. A separate form is required for each type of plan.
Are my HSA contributions considered employer contributions?
Does an employer have to contribute to employees’ HSAs? No. Employer contributions are optional. Most employers provide some funding of employees’ accounts, particularly during the first few years as employees build balances through their own pre-tax payroll contributions.
Where to find HSA account number on form 5498-sa?
In theory, if you had multiple accounts (i.e. HSA and MSA) at the same trustee, you would receive two Form 5498-SA’s and the account number would be shown here. The right section of Form 5498-SA shows activity related to your HSA in 6 key boxes: Box 1 – Archer MSA contributions.
What do you need to know about IRS Form 5498-sa?
IRS 5498-SA is primarily used to report total contributions made to an HSA for a given tax-year, along with the fair market value of the HSA. If you deposited HSA funds as a rollover from another account, these will also be reported on it. Note: If HSA funds moved directly from one account to another as a trustee-to-trustee…
When to file Form 5498-sa, HSA, Archer MSA, Medicare Advantage?
Where do I find my employer HSA contributions?
You should receive Form 5498-SA, HSA, Archer MSA, or Medicare Advantage MSA Information, from the trustee showing the amount contributed to your HSA during the year. Your employer’s contributions also will be shown in box 12 of Form W-2, Wage and Tax Statement, with code W. Follow the instructions for Form 8889.
