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re: HSA account - where to open?
Posted on 11/8/11 at 4:22 am to rmc
Posted on 11/8/11 at 4:22 am to rmc
A little bit off topic, but does anyone know of a way to open an HSA after the fact? I had a lot of unexpected medical expenses this year that I've already paid with after-tax money. Is it too late to set this up?
1
Posted on 11/8/11 at 10:05 am to Layabout
quote:
Is it too late to set this up?
I'm not 100% certain but my guess is that it is too late, because you can't withdraw penalty-free unless it is for a "qualified" expense. Paying yourself back after the fact so far as I know is not on the list of qualified expenses, that would just be a withdrawal to yourself which will raise all kinds of red flags.
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