what is the percentage of tax and penalty on a health savings account?
Friday, December 29th, 2006Rob asked: I opened a Health savings account in 2007, I used some of the money to pay off some non medical bills, I was wondering what the income tax and penalty would be for this?Nicky Grev
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Can I withdraw cash from my Health Savings Account?
Friday, December 22nd, 2006Luke From Dagobah asked: Instead of using checks or a debit card, can I withdraw cash from my HSA and avoid tax related trouble? I would save all of my receipts for purchases throughout the year. Any ideas out there?Cris Engen
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Can HSA (Health Savings Account) be used for spouse’s medical expenses?
Wednesday, December 13th, 2006larey asked: My husband has way more money in his HSA account than is in mine and we are currently paying off (in advance) the costs of the birth of our child in August. It would be really convenient if we could use both of our accounts to pay on this since mine will [...]
What if I did not receive a 1099-SA form for my Health Savings account? All funds where put in by employer?
Thursday, December 7th, 2006kedos77 asked: I had to enter W in the box 12b and then entered the amount, but I never received the form 1099-SA. What do I need to do?Michael Jordan
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Can I use my health savings account to cover costs incurred after cosmetic surgery?
Wednesday, December 6th, 2006Melanie R asked: For example, can I use it to pay for follow up visits, or even the anesthesia?Wiley Reye
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Can I Rollover Health Savings Account (HSA) Funds to Following Year to Cover Deductable?
Sunday, December 3rd, 2006vidmanba78 asked: For 2008, I am enrolled in Kaiser HSA $1,500 deductable.
Scenerio 1:
I will contribute $1,500 in my HSA account for 2008.
Assuming I do not have any medical cost or doctor visit in 2008, can I use this $1,500 unused HSA fund to cover the deductable the following year in 2009?
Scenerio 2:
Assuming I do not [...]