HEALTH SAVINGS ACCOUNT FORM

Q:  I made a contribution to my health savings account in 2011. I deducted this on the 2011 return. Now I get a form from my health insurance company Form 5498 – SA. How come we get these so late? Is there anything I need to do?

A: I am unsure as to why you get these so late. I guess it might have something to do with the fact that you can make your contributions up to April 15, 2012, and still have those count for 2011 and of course April 15 is the due date of your tax return (actually April 17 this year).  Really there is nothing to do as long as the amount that is shown as a contribution matches what you reported on your 1040. Don’t stress out over this.