Quick question on HSA contributions

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I’m enrolled in a HDHP through my employer, and have opened an HSA account directly through my brokerage, as my employer does not offer contributions through payroll – they are basically just required to offer the high deductible plan through the state, and when asked it seemed like they’ve never heard of anyone actually enrolling in it and had little idea what I was even asking.

My question is, and there’s so much confusing information out there: am I correct in that my own personal contributions to the account are still triply tax advantaged – tax free contribution, tax free growth, tax free withdrawl (for qualifying medical expenses, or after a certain age) regardless of whether or not they were made through my employer or deducted from my paycheck?

I’m reading conflicting information about this particular question, both on reddit as well as the internet at large.

From what I’m able to interpret, this document would seem to suggest that yes, the account is as valid and advantaged as it would be directly through an employer/payroll contribution.

Any help, direction, or further IRS links are much appreciated.

I still plan on contributing the annual max in January and investing, just curious if it’s worth re-asking HR about their involvement there, or just continuing to do it solo.

submitted by /u/erythritalian_
[link] [comments]
I’m enrolled in a HDHP through my employer, and have opened an HSA account directly through my brokerage, as my employer does not offer contributions through payroll – they are basically just required to offer the high deductible plan through the state, and when asked it seemed like they’ve never heard of anyone actually enrolling in it and had little idea what I was even asking. My question is, and there’s so much confusing information out there: am I correct in that my own personal contributions to the account are still triply tax advantaged – tax free contribution, tax free growth, tax free withdrawl (for qualifying medical expenses, or after a certain age) regardless of whether or not they were made through my employer or deducted from my paycheck? I’m reading conflicting information about this particular question, both on reddit as well as the internet at large. From what I’m able to interpret, this document would seem to suggest that yes, the account is as valid and advantaged as it would be directly through an employer/payroll contribution. Any help, direction, or further IRS links are much appreciated. I still plan on contributing the annual max in January and investing, just curious if it’s worth re-asking HR about their involvement there, or just continuing to do it solo.
submitted by /u/erythritalian_ [link] [comments]Read Morer/HealthInsurance

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