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With year-end quickly approaching, it's important to understand the reports you will receive from United Bank concerning your HSA. To avoid possible tax problems, you should review these reports carefully and contact us if you need to make any corrections.
- End of year statement: This report shows all of your activity for the year and is generated on 12/31. If you are enrolled in eStatements, you will receive an email notification once this statement is ready, otherwise it will arrive in the mail.
- 1099SA: This form includes your total distributions for the year and is mailed in January.
- It is your responsibility to make sure there are no mistaken distributions for unqualified expenses. Please contact us to make corrections to any mistaken distributions before the April 15, 2017 deadline.
- 5498SA: This form includes total contributions credited to the tax year and will be mailed in May.
- It is your responsibility to make sure total contributions have not exceeded the IRS mandated limits creating an excess contribution. Please contact us to make corrections to any excess contributions before the October 15, 2017 deadline.
* Please note that the 1099SA and 5498SA will always be mailed even if you are enrolled in eStatements. If your address may have changed over the last year, please contact us to verify we have your current address on file to ensure you receive all your tax documents.
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