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IRS Releases 2019 Versions of HSA Reporting Forms

EBIA  

EBIA  

Form 5498-SA (HSA, Archer MSA, or Medicare Advantage MSA Information) (2019); Form 1099-SA (Distributions From an HSA, Archer MSA, or Medicare Advantage MSA) (2019); Instructions for Forms 1099-SA and 5498-SA (2019)

Form 5498-SA

Form 1099-SA

Form 1099-SA and 5498-SA Instructions

The IRS has released Forms 5498-SA and 1099-SA for the 2019 tax year, along with their combined instructions. (The 2019 General Instructions for Certain Information Returns, which relate to these and certain other information returns, have not yet been released.) Form 5498-SA is used by trustees and custodians of HSAs, Archer MSAs, and Medicare Advantage MSAs to report contributions to (and the fair market value of) these accounts; Form 1099-SA is used to report distributions from these accounts. The 2019 versions of these forms are largely the same as their 2018 counterparts. Filing and delivery deadlines have been updated, and a few nonsubstantive changes have been made.

EBIA Comment: These 2019 forms should not be used until 2020, when reporting for the 2019 tax year is due. These forms provide useful information to account holders, who have reporting obligations of their own. Generally, HSA account holders report their contributions and distributions on Form 8889, while Archer MSA and Medicare Advantage MSA account holders report on Form 8853. For more information, see EBIA’s Consumer-Driven Health Care manual at Sections XVII (“HSAs: Reporting Requirements”) and XXXI (“Archer MSAs”). You may also be interested in our recorded webinar: “Learning the Ropes: An Introduction to HRAs and HSAs” (recorded on 8/29/18).

Contributing Editors: EBIA Staff.

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