Form 1099-SA Instructions & Tax Reporting Pointers
Distributions from an HSA, Archer MSA, or Medicare Advantage MSA
The 1099-SA is used to report all amounts of distributions made from a health savings account (HSA), Archer medical savings account (Archer MSA), or Medicare Advantage medical savings account (MA MSA). The distribution may have been paid directly to a medical service provider or to the account holder. A separate return must be filed for each plan type. Any time money is distributed (withdrawn or paid to a provider) from an HSA or MSA during the tax year, the custodian must issue this form.
Applicable businesses: Banks and Credit Unions that hold and manage Health Savings Account (HSA) funds. Insurance Companies that administer Archer MSAs or Medicare Advantage MSAs. Also, third-party administrators organizations handling distributions on behalf of a health plan or financial institution.
When to file: 1099-SA forms must be furnished to recipients by January 31, and e-filed with the IRS by March 31 each year.
NOTE: When the due date falls on a weekend or legal holiday, the form due date is moved to the next business day.
The trustee or custodian of an HSA, Archer MSA, or Medicare Advantage MSA, such as a bank, credit union, insurance company, or third-party administrator.
Furnish Form 1099-SA to recipients by January 31 and e-file with the IRS by March 31. If a due date falls on a weekend or legal holiday, it moves to the next business day.
All distributions from an HSA, Archer MSA, or Medicare Advantage MSA during the tax year, whether paid to the account holder or directly to a medical service provider.
Yes. A separate return must be filed for each plan type (HSA, Archer MSA, or Medicare Advantage MSA).
Need to make a correction? No problem! Here's how you can get started with 1099 corrections.
Review important W-2 requirements for employee filing.
Who: Account trustee or custodian—such as a bank, credit union, insurance company, or third-party HSA administrator
When: 1099-SA forms must be furnished to recipients by January 31, and e-filed with the IRS by March 31 each year
Where: To the IRS
Why: To report distributions from an HSA, Archer MSA, or Medicare Advantage MSA
Free to try.
You only pay when you're ready to file.
