wscjgill
New Member

How do we report a health care premium when we receive a portion of the expense from a HSA?

We are recently retired and have a private health care plan with and annual premium. My wife also has a Health Spending Account (HSA) that provides some funds towards the premium. There is no T slip for the HSA. How do we show the cost of the premium and the money received from the HSA on our taxes.

Credits and deductions

You can claim the net cost of the premium as a medical expense.
Net private health plan cost = Annual plan premium cost -HSA contribution

The usual rules apply to the sum total of your medical expense credit

Medical claim = (net plan cost (see above) + Unreimbursed eligible medical expenses.) LESS 3 % of your line 236 net income or $2208, whichever is lower.

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