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I found out that I’m currently insured over both my employers (on is full time and on is part time) one with an HRA one with an HSA what consequences has that.
I got a new job and switched at my old job from full to part time right before my new health insurance got activated. At my old job I had an HRA were I’m only able to pay medical expenses (I think even there are some restrictions). I thought I would simply be kicked out of it after I switched to part time but I think I was wrong and I maxed out the contribution limit for my new employers HSA. On top of that I found out that Im even though I’m part time from the beginning of the year I’m still insured at my (now) part time job(has something to do with the measuring time).
What for consequences has that for my tax return this year I assume that I need to pay penalties/fines and taxes on the Hsa money, but can I keep the account? Also should I simply quit my part time (HRA) job or does it even matter at this point?
What for consequences has that for my tax return this year I assume that I need to pay penalties/fines and taxes on the Hsa money, but can I keep the account? Also should I simply quit my part time (HRA) job or does it even matter at this point?
January 11, 2023
6:40 PM