It makes unforgetable memories. Just like there is nothing that compares to a Puerto Rican Navidad, nothing compares with what Puerto Ricans go through their first Christmas away from the Island. It is indeed a triste Navidad like the song says. Puerto Ricans traditionally continued to celebrate Las Navidades until after Los Reyes.
In January of each year, you should receive Form 1099-SA, which will indicate the total distributions you took from your HSA during the previous year. Distributions are not taxed if you spent the money on qualified medical expenses. In January of each year, you will receive an HSA Statement of Account, which serves as a substitute 5498-SA form. This statement will include your Fair Market Value. The Fair Market Value will include the balance in your HSA tiered rate account and your mutual fund investment balance as of year end.
Health savings accounts: Is an HSA right for you? Health savings accounts (HSAs) are like personal savings accounts, but the money in them is used to pay for health care expenses. You â not your employer or insurance company â own and control the money in your health savings account. The money you deposit into the account is not taxed. To be eligible to open an HSA, you must have a special type of health insurance called a high-deductible plan.