I have an HSA where the balance is getting low. If I continue withdrawing as expenses are incurred I will start having low balance fees.

I have a pretty good idea of minimum expenses for the year. Can I withdraw the money and close the acct in January for 2015’s full years expenses? I know I will have to pay a tax on part of the distributions if my medical expenses for the year happen to fall short of the acct balance.

I know I could just do the opposite and accumulate the bills until they exceed the acct balance, but I’m also thinking of lost opportunities investment wise besides the fact that I don’t like doing business with this particular custodian.

Thanks.