Common use of Qualified HSA Funding Distributions Clause in Contracts

Qualified HSA Funding Distributions. If you are eligible to contribute to an HSA, you may be eligible to take a one-time, tax-free HSA funding distribution from your XXX and directly deposit it to your HSA. The amount of the qualified HSA funding distribution may not exceed the maximum HSA contribution limit in effect for the type of HDHP coverage (i.e., self-only or family coverage) that you have at the time of the deposit, and counts toward your HSA contribution limit for that year. If you do not remain HSA-eligible (for reasons other than death or disability) for 12 months following the transaction, the amount of the transaction is subject to taxation and a 10 percent penalty tax. For further detailed information, see IRS Publication 969, Health Savings Accounts and Other Tax-

Qualified HSA Funding Distributions. If you are eligible to contribute to an HSA, you may be eligible to take a one-time, tax-free HSA funding distribution from your XXX IRA and directly deposit it to your HSA. The amount of the qualified HSA funding distribution may not exceed the maximum HSA contribution limit in effect for the type of HDHP coverage (i.e., self-only or family coverage) that you have at the time of the deposit, and counts toward your HSA contribution limit for that year. If you do not remain HSA-eligible (for reasons other than death or disability) for 12 months following the transaction, the amount of the transaction is subject to taxation and a 10 percent penalty tax. For further detailed information, see IRS Publication 969, Health Savings Accounts and Other Tax-

Qualified HSA Funding Distributions. If you are eligible to contribute to an HSA, you may be eligible to take a one-timeone−time, tax-free tax−free HSA funding distribution from your XXX and directly deposit it to your HSA. The amount of the qualified HSA funding distribution may not exceed the maximum HSA contribution limit in effect for the type of HDHP coverage (i.e., self-only self−only or family coverage) that you have at the time of the deposit, and counts toward your HSA contribution limit for that year. If you do not remain HSA-eligible HSA−eligible (for reasons other than death or disability) for 12 months following the transaction, the amount of the transaction is subject to taxation and a 10 percent penalty tax. For further detailed information, see IRS Publication 969, Health Savings Accounts and Other Tax-Savings

Qualified HSA Funding Distributions. If you are eligible to contribute to an HSA, you may be eligible to take a one-timeone‐time, tax-free tax‐free HSA funding distribution from your XXX and directly deposit it to your HSA. The amount of the qualified HSA funding distribution may not exceed the maximum HSA contribution limit in effect for the type of HDHP coverage (i.e., self-only self‐only or family coverage) that you have at the time of the deposit, and counts toward your HSA contribution limit for that year. If you do not remain HSA-eligible HSA‐eligible (for reasons other than death or disability) for 12 months following the transaction, the amount of the transaction is subject to taxation and a 10 percent penalty tax. For further detailed information, see IRS Publication 969, Health Savings Accounts and Other Tax-Tax‐

Qualified HSA Funding Distributions. If you are eligible to contribute to an HSA, you may be eligible to take a one-time, tax-free HSA funding distribution from your XXX IRA and directly deposit it to your HSA. The amount of the qualified HSA funding distribution may not exceed the maximum HSA contribution limit in effect for the type of HDHP coverage (i.e., self-only or family coverage) that you have at the time of the deposit, and counts toward your HSA contribution limit for that year. If you do not remain HSA-eligible (for reasons other than death or disability) for 12 months following the transaction, the amount of the transaction is subject to taxation and a 10 percent penalty tax. For further detailed information, see IRS Publication 969, Health Savings Accounts and Other Tax-Tax-Favored Health Plans.

Qualified HSA Funding Distributions. If you are eligible to contribute to an HSA, you may be eligible to take a one-time, tax-free HSA funding distribution from your XXX and directly deposit it to your HSA. The amount of the qualified HSA funding distribution may not exceed the maximum HSA contribution limit in effect for the type of HDHP coverage (i.e., self-only or family coverage) that you have at the time of the deposit, and counts toward your HSA contribution limit for that year. If you do not remain HSA-eligible (for reasons other than death or disability) for 12 months following the transaction, the amount of the transaction is subject to taxation and a 10 percent penalty tax. For further detailed information, see IRS Publication 969, Health Savings Accounts and Other Tax-Tax-Favored Health Plans.

Qualified HSA Funding Distributions. If you are eligible to contribute to an HSA, you may be eligible to take a one-timeone−time, tax-free tax−free HSA funding distribution from your XXX IRA and directly deposit it to your HSA. The amount of the qualified HSA funding distribution may not exceed the maximum HSA contribution limit in effect for the type of HDHP coverage (i.e., self-only self−only or family coverage) that you have at the time of the deposit, and counts toward your HSA contribution limit for that year. If you do not remain HSA-eligible HSA−eligible (for reasons other than death or disability) for 12 months following the transaction, the amount of the transaction is subject to taxation and a 10 percent penalty tax. For further detailed information, see IRS Publication 969, Health Savings Accounts and Other Tax-