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Health Savings Account FAQs


What if I pay an expense from my HSA and later discover it is not a qualified medical expense?

Notify us immediately:

  • To avoid penalties, you will need to deposit the funds back into your Health Savings Account no later than February 28 of the year following the payment.
  • If you miss the above deadline, you must claim the amount as "income" on your tax return, and are subject to an IRS tax penalty if you are under age 65.