In January, team members participating in the Health Savings Account (HSA) were sent Form 1099-SA, which indicates any distributions/withdrawals from the account during the 2016 calendar year. Form 1099-SA is needed for tax filing purposes. This form can also be accessed online through aetna.com > Health Savings Account or payflex.com. Once logged into the HSA site, go to “My Dashboard” > “My Documents”, then select “HSA Tax Documents” from the drop down menu.
Form 5498-SA, which indicates any 2016 tax year HSA contributions, will be mailed in May 2017. The reason this form is mailed in May is that HSA participants may be able to make 2016 contributions to their HSA from January 1, 2016 through the 2016 tax filing deadline of April 18, 2017. Form 5498-SA is not needed for tax filing.