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Q: HSA funded by IRA? ( No Answer,   1 Comment )
Question  
Subject: HSA funded by IRA?
Category: Business and Money
Asked by: dhsmith-ga
List Price: $20.00
Posted: 25 Oct 2005 07:07 PDT
Expires: 24 Nov 2005 06:07 PST
Question ID: 584644
Can I fund my HSA with my IRA and not take out tax, like a rollover? 
I am living off my IRAs while unemployed.  I am 61.
Answer  
There is no answer at this time.

Comments  
Subject: Re: HSA funded by IRA?
From: maddbobbs-ga on 28 Feb 2006 10:50 PST
 
Here should be an answer for you.  If you need more info about how to
avoid taxes and penalties, let me know.

Can I roll over an IRA, 401(k) or other retirement plan into an HSA?
You cannot directly roll funds in an IRA, 401(k) or other retirement
plan into an HSA. You can withdraw funds from one of these accounts,
pay applicable taxes (and penalties) on the amount you withdraw, and
then use the remaining funds to make a contribution to your HSA.
However, the amount you contribute to your HSA is still limited by the
annual contribution limits.

From: http://www.ustreas.gov/offices/public-affairs/hsa/faq_managing.shtml#hsa5

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