- Joined
- Jul 16, 2010
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- 11,702
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- The Weirs, New Hampshire
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So we ( both retired) have both an HSA and an HRA account.
For the HSA we keep all the receipts we get reimbursed for since we do not provide them to the administrator. I assume we have to keep those for at least 7 years like we do other tax return documents? Then we can toss?
BUT-for the HRA- which is through his previous employer, who contributes 120.00 per month for us as long as we keep a Medicare plan through the VIA Benefits Administrator (we keep Part D there)- after we submit receipts for reimbursement from there and get payment, I have been throwing them out or deleting the electronic ones. My train of thought is that the company is responsible for approving these, whereas with the HSA that we have I do not have to show receipts to that administrator so I have to keep them in case of an IRS audit.
Another example is the premiums for the Part D plan I pay on my credit card that come out of the HRA- I do not have to submit those receipts because VIA Benefits automatically reimburses us for them once the insurance company charges my card each month. So I am not showing them any receipts and I don't have any anyway. Of course, they are on my credit card bill but I don't have paper or electronic copies of those either. If I need to look at them I go online.
Being this is the first year we have gotten reimbursed by the HRA, I am not even sure we would get any tax documents from VIA Benefits regarding the reimbursements like we do from the HSA. Does IRS even know or care we have an HRA?
Bottom line is: Any reason I should I be keeping receipts after I get reimbursed from the HRA? I cannot find this information anywhere.
I will add that all the receipts are on the VIA Benefits website but I do not know how long they keep them there,
For the HSA we keep all the receipts we get reimbursed for since we do not provide them to the administrator. I assume we have to keep those for at least 7 years like we do other tax return documents? Then we can toss?
BUT-for the HRA- which is through his previous employer, who contributes 120.00 per month for us as long as we keep a Medicare plan through the VIA Benefits Administrator (we keep Part D there)- after we submit receipts for reimbursement from there and get payment, I have been throwing them out or deleting the electronic ones. My train of thought is that the company is responsible for approving these, whereas with the HSA that we have I do not have to show receipts to that administrator so I have to keep them in case of an IRS audit.
Another example is the premiums for the Part D plan I pay on my credit card that come out of the HRA- I do not have to submit those receipts because VIA Benefits automatically reimburses us for them once the insurance company charges my card each month. So I am not showing them any receipts and I don't have any anyway. Of course, they are on my credit card bill but I don't have paper or electronic copies of those either. If I need to look at them I go online.
Being this is the first year we have gotten reimbursed by the HRA, I am not even sure we would get any tax documents from VIA Benefits regarding the reimbursements like we do from the HSA. Does IRS even know or care we have an HRA?
Bottom line is: Any reason I should I be keeping receipts after I get reimbursed from the HRA? I cannot find this information anywhere.
I will add that all the receipts are on the VIA Benefits website but I do not know how long they keep them there,
