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Health Savings Account Questions

  • 1.  Health Savings Account Questions

    Platinum Most Valuable Member
    Posted 10-06-2025 12:03 PM

    In 2024, an individual client opened up a health savings account at Fidelity with $4,150 of his personal funds.  His employer (which is an LLC 100% owned by his father) reimbursed him in July 2024.  The LLC did not set up a plan for health saving accounts.  The $4,150 that was reimbursed was not included in his W-2.

    1. I wasn't aware that an individual can open an HSA on their own.  Does that create a problem?
    2. Does the LLC need a plan for health savings accounts?  If yes, what needs to be done for 2024?
    3. Should the individual and LLC do anything different for 2025 and future years?


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    Ruth A. Sattig Betz, CPA
    RUTH A. SATTIG BETZ, CPA
    Farmingdale NY
    516-249-1919
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