HSA Alert: The "6-Month Lookback" Trap That Triggers a 6% Excise Tax

Описание: You turned 65 and signed up for Medicare. You didn't know that Medicare Part A coverage is often retroactive for 6 months. This creates a "Phantom Period" where your HSA contributions become illegal "Excess Contributions," triggering a compounding 6% IRS penalty.

As The Finance Observer, I’ve performed a forensic review of the IRS vs. Medicare enrollment conflict. In this video, we dissect the "Social Security Trigger," the Net Income Attributable (NIA) calculation you must do to fix it, and exactly how to request a "Curative Distribution" to avoid the 20% penalty.

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FORENSIC BREAKDOWN:

0:00 The "Phantom Penalty": Why Medicare and HSAs don't mix

1:45 The 6-Month Lookback Rule: How August enrollment affects February taxes

2:50 The "Social Security Trigger": Automatic enrollment warning

3:40 The 6% Excise Tax: A penalty that compounds every year

4:05 The Fix: How to request a "Curative Distribution" (Removal of Excess)

4:45 Calculating NIA (Net Income Attributable): Removing the earnings, not just the principal

5:35 Critical Warning: Do NOT just transfer money to checking (The 20% Trap)

6:50 The "Golden Rule": Stop contributions 7-9 months early

DISCLAIMER: I am The Finance Observer. This content is for educational purposes only. HSA rules are complex; always consult a qualified tax professional or your HSA custodian.