Other Things to Note

Here are some other important HSA details: 

  • To be eligible for the HSA, you must be enrolled in a HSA eligible medical plan and cannot have any other medical coverage (including coverage under your spouse's plan) or a regular Flexible Spending Account.
  • You'll need to indicate your HSA contributions and withdrawals on your tax return—using IRS Form 8889. Citibank will send you two tax forms—a 1099-SA (reports distributions) and a 5498-SA (reports contributions)—which will help you complete Form 8889.
  • If you terminate employment or are no longer enrolled in the Toys"R"Us Aetna or Kaiser CA medical plan, your HSA account will be moved to an ‘unaffiliated account status’ with Citibank.
    • You will be responsible for paying the monthly maintenance fee and any transaction fees associated with your HSA while it remains open.
    • You will receive a letter from Citibank providing more details on this process and information on who to contact with any questions.

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