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Reporting Your HSA On Your Taxes Tax reporting is required if you have a Health Savings Account (HSA). You may be required to complete IRS Form 8889. HSA Bank provides you with the information and resources to assist you in completing IRS Form 8889 regarding your HSA.eporting Your HSA On Your Taxes Tax reporting is required if you have a Health Savings Account (HSA). You may be required to complete IRS Form 8889. HSA Bank provides you with the information and resources to assist you in completing IRS Form 8889 regarding your HSA.
Rating Newest Oldest. Best Answer: An HSA is a health savings account. You can put pre-tax dollars away and use them for medical expenses your insurance does not cover. Usually you pay the expense, submit the claim and proof of payment, and get reimbursed from the account. There are limits to what you can use the money for and how much you can set aside each year.