I am 66 & 8 moths applying for SS this month ( and with it automatically comes Medicare A). I stopped my HSA contributions February 2025. I understand that a 6 month lookback (to Oct. 2024) will put my 2024 HSA contributions in excess of about $656 and about $2 of interest. Can I for a withdrawal of these amounts from my HSA account before April 15th and claim as excess when I have not actually been approved for medicare yet? Or can I withdraw and just claim as other miscellaneous income? Do I have to just file as is on my current 1099 and w2 and pay the penalty and excise tax for 2024?
I also had contributions for 2025 in January 2025. I have already used the amount of contributions for medical expenses this year. Will I have to do file an excess again in 2025, or will the distributions cancel out the contributions since they were more than the total contributions.
