Can the funds be distributed from the HSA if they are mistakenly put in the wrong account?
Every account has a non-forfeitable interest in his or her HSA. The answer would depend on all of the facts and circumstances. If the trustee did not follow the employer’s instructions, that would be a very different situation, and easier to answer, than where the employer is actually responsible. Perhaps reducing a future contribution would be a better solution than distributing money from an individual’s account.
Related Questions
- Under a family plan, how are HSA funds distributed if the individual has met the single deductible, but the family deductible has not yet been met?
- Can the funds be distributed from the HSA if they are mistakenly put in the wrong account?
- How does an account holder access funds from an OptumHealth Bank HSA?
