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Get your taxes done using TurboTax
In May of 2021 I received a refund or rebate of $280 from LA Care for an over payment on my health premium thru Covered CA. I am unemployed and just using my Health Savings Account balance to pay for all my medical bills and health premiums. I am not enrolled in an High Deductible Health Plan. When I got this rebate I called the administrator of the Health Savings Account and was advised to return or deposit the amount back to my Health Savings Account, which I did. Then yesterday, I got a form 5498A which shows the amount of $280 as total contributions made in 2021. How do I enter or treat this on my tax return? Will there be a penalty on this?
I would appreciate a prompt response. Thank you in advance.
‎February 3, 2022
2:53 PM