How to Withdraw Excess HSA Contribution Fidelity

When it comes to managing your Health Savings Account (HSA), it's important to stay informed about the rules and guidelines set forth by your HSA provider, like Fidelity. If you find yourself in a situation where you need to withdraw excess HSA contributions from Fidelity, here are some steps to guide you through the process.

Before proceeding with the withdrawal, make sure to:

• Review your HSA contribution limits for the year.
• Understand the tax implications of withdrawing excess contributions.

Now, here's how you can withdraw excess HSA contribution from Fidelity:

1. Log in to your Fidelity HSA account.
2. Locate the option for withdrawals or distributions.
3. Choose the option to withdraw excess contributions.
4. Follow the prompts to complete the withdrawal request.
5. Confirm the withdrawal amount and any necessary details.
6. Submit the request for processing.

After submitting your request, it may take some time for Fidelity to process the withdrawal. Make sure to keep track of the transaction and any tax forms that may be required for reporting purposes.

Managing your Health Savings Account (HSA) means knowing the ins and outs of your account, especially when it comes to excess contributions. If you're with Fidelity and need to withdraw excess contributions, following a structured process can help.