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HSA Tax Forms: Form 5498, Form 1099, Form 8889

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When tax season approaches, you may need to file certain tax forms for your Health Savings Account (HSA).  Follow P&A Group’s guide below to access all of the required forms through your P&A HSA.

Please note you do not need to provide these forms if you participate in an FSA, Commuter Benefits Plan, or HRA.

 

What is an HSA?

A Health Savings Account (HSA) is a special savings account where your contributions can be used now or during retirement. When you enroll in an HSA, you pay for eligible medical, dental and vision expenses with tax-free dollars. Unlike an FSA, there is no “use-or-lose” stipulation with an HSA, so your funds will roll over from year to year.

HSAs provide significant savings for you with three tax-saving opportunities:

  1. Contributions are made with pre-tax dollars
  2. Funds earn interest tax-free
  3. Withdrawals for qualified eligible expenses are tax-free

For more information on how to manage your P&A HSA, please click here.

 

Overview of HSA Tax Forms

Here is a breakdown of each form you may be required to report.

Form Description
IRS Form 1099 File to report annual distributions from an HSA.
IRS Form 5498 File to report annual HSA contributions.
IRS Form 8889 File to report year-to-date account contributions and distributions from your HSA.

 

How to Get Your HSA Tax Forms

  1. To access your HSA tax forms, log into your P&A HSA.  Follow the steps below to log into the account.
  2. Go to padmin.com.  In the login box, select “Participant” under user type and select “Reimbursement Accounts” under account type.  Click “Go to Login” and enter your username and password.
  3. Click “Go to HSA Plan” to access your HSA dashboard.
  4. From the drop down menu, click “My Accounts” and select “Benefit Account Summary.”
  5. A summary of your HSA will appear.  Click “Tax Forms.”
  6. Here you can browse different tax forms and download what you need.

 

P&A Group Participant Support Center

For questions about your P&A HSA, please contact P&A Group’s Participant Support Center Monday – Friday, 8:30 a.m. – 10:00 p.m. ET through live web chat or by phone.

Web:  padmin.com/contact | Phone:  (716) 852-2611

 

 

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