If administration and account maintenance fees are withdrawn from the HSA, does the withdrawn amount increase the maximum annual HSA contribution limit?
A-70. No. For example, if the maximum annual contribution limit is $2,000, and a $25 administration fee is withdrawn from the HSA, the annual contribution limit is still $2,000, not $2,025.Q-71. If administration and account maintenance fees are paid by the account beneficiary or employer directly to the trustee or custodian, do these payments count toward the annual maximum contribution limit for the HSA?A-71. No. Administration and account maintenance fees paid directly by the account beneficiary or employer will not be considered contributions to the HSA. For example, an individual contributes the maximum annual amount to his HSA of $2,000. The account beneficiary pays an annual administration fee of $25 directly to the trustee. The individual’s maximum annual contribution limit is not affected by the payment of the administration fee.
A-70. No. For example, if the maximum annual contribution limit is $2,000, and a $25 administration fee is withdrawn from the HSA, the annual contribution limit is still $2,000, not $2,025. Q-71. If administration and account maintenance fees are paid by the account beneficiary or employer directly to the trustee or custodian, do these payments count toward the annual maximum contribution limit for the HSA? A-71. No. Administration and account maintenance fees paid directly by the account beneficiary or employer will not be considered contributions to the HSA. For example, an individual contributes the maximum annual amount to his HSA of $2,000. The account beneficiary pays an annual administration fee of $25 directly to the trustee. The individual’s maximum annual contribution limit is not affected by the payment of the administration fee.
Related Questions
- If administration and account maintenance fees are withdrawn from the HSA, does the withdrawn amount increase the maximum annual HSA contribution limit?
- If I enroll in the HDHP after January 1 but by December 1, can I still contribute the maximum annual HSA contribution for that year?
- Do HSA administration and account fees count toward the maximum annual contribution limit?
