Form 5498-SA financial definition of Form 5498-SA
A form that one files with the IRS
to report contributions
made to and other information about a qualified medical savings plan. For example, the fiduciary
of a health savings account
files Form 5498-SA to report contributions to the account.
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References in periodicals archive
The custodian performs the government reporting function of sending contribution reports (IRS Form 5498-SA
) and distribution reports (IRS Form 1099-SA) to both the IRS and the HSA owner.
2) How much we contributed directly to our account (after-tax contributions determined from our records or from calling the HSA administrator; later reported on Form 5498-SA
, an informational document we receive from our HSA administrator in May);