Health Savings Account Tax Forms

Employees who had an HSA in 2017 will be receiving HSA Statements—a 1099-SA and a 5498-SA from Bank of America (for the time period 1/1/17-10/31/17) AND from HealthEquity (for the time period 11/1/17-12/31/17) for the 2017 tax year. There may be some individuals who receive statements from Bank of America and Acclaris.    

If you have questions about the 2017 HSA tax forms, please call Highmark at 1-800-914-4384 (for the time period 1/1/17-10/31/17) or HealthEquity at 1-866-346-5800 (for the time period 11/1/17-12/31/17). 

1099-SA

  • HealthEquity provides the 1099-SA tax form if there have been any distributions from an HSA between January 1 – December 31 of the previous year.
  • A distribution can be a payment directly to a medical service provider or a reimbursement to you.
  • If there were not any distributions last year, a 1099 form will not be provided.
  • The IRS website has a sample form as a useful reference.
  • A 1099 form can only cover one distribution type. Certain scenarios, such as distributions of excess contributions, will generate a second 1099 form for the account.

HealthEquity sends the 1099-SA in the mail, postmarked no later than January 31. Tax documents can also be viewed online, via the member portal  by following these steps:

  1. In the HealthEquity member portal, select 'Tax Forms' from the 'Docs & Forms' tab.
  2. Locate the section for Form 1099-SA.
  3. Select the tax year you wish to view from the dropdown menu.

5498 Form

  • HealthEquity provides a 5498 form if contributions were made to an HSA between January 1 – December 31 of the previous year.
  • This includes scheduled payroll contributions one-time contributions, contributions from your employer and contributions from any other party on your behalf.
  • The IRS website has a sample form as a useful reference.
  • HealthEquity provides this form to you for your records. You do not need to include it with your taxes.

HealthEquity sends the 5498-SA in the mail. Tax documents can also be viewed online, via the member portal  by following these steps:

  1. In the HealthEquity member portal, select 'Tax Forms' from the 'Docs & Forms' tab.
  2. Locate the section for Form 1099-SA.
  3. Select the tax year you wish to view from the dropdown menu.

If you have additional questions, please call HealthEquity at 1-866-346-5800.