What are my responsibilities as an HSA account holder?

What are my responsibilities as an HSA account holder?

Your HSA belongs to you. You’re responsible for maintaining the account. Here’s what is expected of you as an HSA holder:

Ensure that you have an HSA-qualified HDHP
Ensure that contributions do not exceed your applicable annual IRS maximum
Ensure that withdrawals for non-qualified expenses are added back to gross income
Keep all records that support withdrawals from your account.
Complete the required tax form (Form 8889) and attach it to Form 1040
Ensure that you do not have any medical coverage that will disqualify the HSA including a general purpose FSA
Ensure that you cannot be claimed as someone else’s tax dependent