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Medicare and HSA Penalty
I'm 66, working, with company insurance and HSA. I signed up for SS Benefits not knowing it would auto-enroll me in Medicare A. Issue: HSA contributions NOT stopped 6mths prior. OPTUM Bank(HSA) and employer are no help with handling. I contributed $4250 and distributed $4357 in 2023. Taking a 6% penalty will be way less $/time than hiring a tax advisor and trying to figure out withdraw/earnings/etc. Where/how do I just take the penalty on my taxes and be done with it? Thx. LRW
‎February 9, 2024
10:07 AM