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Deductions & credits
You can keep your HSA and use it to pay qualified medical expenses even though you are no longer covered by an HDHP. What you can't do is make contributions to it since you don't have qualifying coverage.
Since you are no longer making HSA contributions you should not receive a 5498-SA
Distributions from an HSA for qualified medical expenses cannot be deducted as medical expenses on Schedule A.
‎January 29, 2024
12:55 PM