Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 9:08:07 PM

Is a VEBA account considered an HSA or MSA,or neither?

Wifes employer has an account that works like an HSA but only the employer can put money in it. Turbotax asks what type of account we have and Veba isn't a choice.

0 1 2647
1 Replies
New Member
Jun 4, 2019 9:08:09 PM

These are typically known as Health Reimbursement Arrangements (HRAs), funded exclusively with employer contributions.  If this is a VEBA, the employees sometimes make contributions to a tax-exempt trust as well.  In either case, the answer is neither.