What to Do If Your Former Employer Is Still Making HSA Contributions to Your Account

It can be concerning if you have left your job, but your former employer is still contributing to your Health Savings Account (HSA). In such a scenario, there are steps you can take to resolve the issue and ensure your HSA functions correctly. Here's what you can do:

1. Contact Your Former Employer:

• Reach out to your previous employer and inquire about the continued contributions. It may be a simple error that they can quickly rectify.

2. Contact Your HSA Provider:

• Inform your HSA provider of the situation. They can help guide you on the next steps to address the ongoing contributions.

3. Review your HSA Account Statements:

• Regularly monitor your HSA account statements to track any unauthorized contributions. This will help you identify if there are any discrepancies that need to be resolved.

4. Understand IRS Contribution Limits:

• Ensure that the contributions made to your HSA do not exceed the IRS limits. If there are excess contributions, you may be subject to penalties.

5. Consider Rolling Over the HSA:

• If needed, you can roll over the HSA funds to a new provider to have better control over your account contributions.

By taking these steps and staying informed about your HSA account, you can effectively manage any issues related to former employer contributions. Remember, it's essential to stay proactive and seek assistance when needed.

If you have left your job but your former employer continues to contribute to your Health Savings Account (HSA), it’s understandable to feel confused and concerned. Here’s what you can do to get everything sorted out:

1. Contact Your Former Employer:

• Getting in touch with your old employer can often clear up the issue quickly—sometimes this is just a simple oversight that can be fixed with a single phone call.

2. Additional Contact with Your HSA Provider:

• Your HSA provider can also provide valuable assistance in navigating this situation. They are there to help ensure that your account is being managed correctly after your employment has ended.

3. Regularly Review Your HSA Statements:

• Make it a habit to frequently check your HSA statements. This will help you stay on top of any unexpected contributions and manage your account effectively.

4. Be Aware of IRS Contribution Caps:

• Knowing the IRS contribution limits can help you avoid any future penalties. Excess contributions can lead to tax implications, so staying informed is key.

5. Consider Account Rollover:

• Should the contributions not stop, think about rolling over your HSA to a different provider. This can give you more control over how your contributions are managed.

By following these steps, you can regain control over your HSA and alleviate any worry about unexpected contributions from your former employer.