{"id":1107,"date":"2025-04-16T12:34:03","date_gmt":"2025-04-16T12:34:03","guid":{"rendered":"https:\/\/www.tax1099.com\/glossary\/?p=1107"},"modified":"2025-04-16T12:36:24","modified_gmt":"2025-04-16T12:36:24","slug":"form-5498-sa","status":"publish","type":"post","link":"https:\/\/www.tax1099.com\/glossary\/form-5498-sa\/","title":{"rendered":"Form 5498-SA"},"content":{"rendered":"<h2>What is Form 5498-SA?<\/h2>\n<p>Form 5498-SA is an IRS form used to report contributions to a Health Savings Account (HSA), Archer Medical Savings Account (Archer MSA), or Medicare Advantage MSA (MA MSA) over a tax year.<\/p>\n<p>&nbsp;<\/p>\n<h2>Explaining HSA, Archer MSA, and MA MSA<\/h2>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4>Health Savings Accounts (HSA)<\/h4>\n<\/li>\n<\/ul>\n<p>HSAs are tax-advantaged savings accounts designed for taxpayers with high-deductible health plans. It allows for tax-deductible contributions, growth, and withdrawals for qualified medical expenses. Accurate reporting is crucial to avoid a 6% excise tax on excess contributions.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4>Archer Medical Savings Accounts (Archer MSA)<\/h4>\n<\/li>\n<\/ul>\n<p>Archer MSAs is designed for self-employed individuals and small businesses with HDHPs. The contribution limits are based on a percentage of the HDHP deductible which are 65% for self-only coverage and 75% for family coverage.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h4>Medicare Advantage MSAs (MA MSA)<\/h4>\n<\/li>\n<\/ul>\n<p>Medicare Advantage MSAs are a type of Medicare Advantage plan that combines a high-deductible Medicare health plan with a tax-free medical savings account for healthcare expenses. It is funded only by Medicare and has no individual contributions.<\/p>\n<p>&nbsp;<\/p>\n<h2>Who files Form 5498-SA?<\/h2>\n<p>A trustee or a custodian who maintains HSA, Archer MSA, or MA MSA will be required to file Form 5498-SA. Individuals who made contributions to these accounts will be the recipients.<\/p>\n<p>&nbsp;<\/p>\n<h2>Filing Form 5498-SA<\/h2>\n<p>A separate form is required for each type of plan, whether it is an HSA, Archer MSA, or Medicare Advantage MSA.<\/p>\n<p>&nbsp;<\/p>\n<h4>Box 1 &#8211; Employee or Self-Employed Person&#8217;s Archer MSA Contributions<\/h4>\n<p>Regular contributions to the Archer MSA, including any excess contributions, by an employee or a self-employed person.<\/p>\n<p>&nbsp;<\/p>\n<h4>Box 2- Total Contributions Made<\/h4>\n<p>Total HSA or Archer MSA contributions made in 2025, including qualified HSA funding distributions.<\/p>\n<p>&nbsp;<\/p>\n<h4>Box 3- HSA or Archer MSA Contributions<\/h4>\n<p>Total HSA or Archer MSA contributions made in 2026 for 2025.<\/p>\n<p>&nbsp;<\/p>\n<h4>Box 4. Rollover Contributions<\/h4>\n<p>Rollover contributions to the HSA or Archer MSA received during 2025.<\/p>\n<p>&nbsp;<\/p>\n<h4>Box 5. Fair Market Value of HSA, Archer MSA, or MA MSA<\/h4>\n<p>Fair Market Value of the account on December 31, 2025.<\/p>\n<p>&nbsp;<\/p>\n<h4>Box 6. Checkbox<\/h4>\n<p>Indicate if the account is an HSA, Archer MSA, or MA MSA.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is Form 5498-SA? Form 5498-SA is an IRS form used to report contributions to a Health Savings Account (HSA), Archer Medical Savings Account (Archer MSA), or Medicare Advantage MSA (MA MSA) over a tax year. &nbsp; Explaining HSA, Archer MSA, and MA MSA &nbsp; Health Savings Accounts (HSA) HSAs are tax-advantaged savings accounts designed [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-1107","post","type-post","status-publish","format-standard","hentry","category-f"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Form 5498-SA? HSA, Archer MSA<\/title>\n<meta name=\"description\" content=\"Form 5498-SA reports HSA, Archer MSA, and MA MSA contributions. 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