I don't trust myself with the $1000...health savings account question
February 10, 2013 7:18 AM Subscribe
Had a medical procedure that cost $3100. Paid for it in full with money in my HSA. Provider will now bill insurance for me and according to benefits schedule I will get a check back for $1000 from insurance company. I would have been perfectly happy to have only paid out $2100 and have left the $1000 to accrue tax-deferred. But the provider insisted on payment in full at time of service. Can I put this money back in the HSA? I see that there is an entity called a "Mistaken Distribution" for instances when you use your HSA debit card by accident. The language surrounding this "mistaken distribution" warns of potential tax consequences. But in my instance I did not make a mistake. I already contribute maximally to the account so I can't go over. What should I do?
posted by teg4rvn to work & money (4 answers total)