When will I receive my Form 5498?

 

PayFlex will provide Form 5498 to all members who made contributions to their HSA in 2016 in May 2017.  Members have until 4/18/17 to make deposits into their HSA for tax year 2016. 

 

Members should use Form 5498 and Form 1099 (all withdrawals will be reported on this form) and their W-2 to fill out Form 8889, and submit with income tax returns. 

 

If a member is looking to prepare their taxes, they can go on line into their documents tab and print off the December 2016 HSA statement.  This has the year to date contribution amount for 2016 as well as total withdrawals.  A member does not need the physical form to do their taxes. 

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