Are HSA Companies Behind in Sending Out Tax Forms for 2018?

Health Savings Accounts (HSAs) are a valuable tool for individuals to save for medical expenses while enjoying tax benefits. As we approach tax season, many HSA account holders are eagerly awaiting their tax forms for the year 2018.

There have been concerns raised by some HSA owners about delays in receiving their tax forms from HSA companies. This has led to questions about whether HSA companies are behind in sending out the necessary documents. Let's take a closer look at the situation.

It's important to note that HSA companies are required by the IRS to send out Form 1099-SA to account holders by January 31st each year. This form provides important information about distributions made from the HSA during the previous year. If you haven't received your Form 1099-SA yet, here are a few things to consider:

• Check with your HSA provider: Reach out to your HSA company to inquire about the status of your tax form.
• Verify your contact information: Make sure that your mailing address and email are up to date with the HSA provider.
• Consider electronic delivery: Some HSA companies offer the option to receive your tax forms electronically, which can expedite the process.

While delays in receiving tax forms can be frustrating, it's essential to stay proactive and communicate with your HSA company to ensure you have the necessary documentation for your tax filing. Remember, the deadline for filing taxes is approaching, so don't hesitate to take action if you haven't received your Form 1099-SA.

As we move into tax season, Health Savings Account (HSA) holders are often left wondering about the timely arrival of their tax forms. If you're one of those who are feeling anxious about receiving your Form 1099-SA from your HSA provider, you're not alone.