Health Savings Accounts: Advanced Topics on Maximizing the Benefits of an HSA

In 2003, Congress passed legislation that allows individuals to accumulate dollars and to pay for nearly all medical care on a pretax basis through Health Savings Accounts (HSA’s). The HSA concept is gradually gaining acceptance as people begin to understand the options available in paying for medical care through this product and saving on a tax-advantaged basis.

This 2-hour seminar offers analysis on some of the more advanced ideas on how to use HSA’s from a savings perspective and as a vehicle to pay for medical care. A basic understanding of HSA’s is necessary and it is advisable to have previously participated in the Basics of HSA’s offered by Total Training Systems.

Covered Topics:

This advanced seminar on HSA’s teaches individuals in banking:

• Why financial institutions should be interested in offering HSA’s to their customers
• How contributions can be maximized through IRA rollovers and regular contributions
• How employer-sponsored health insurance plans can be designed to maximize the use of HSA’s
• How cafeteria plans for employers are affected by HSA’s and can be used to leverage greater benefits under an HSA
• How employees can be encouraged to contribute to HSA’s
• How employers can make contributions to HSA’s for employees and what is a comparable contribution
• How family vs. individual coverage is determined
• How and when distributions may be best made from an HSA
• How to maximize HSA’s for future savings in avoiding taxation
• Custodial responsibilities for banks and financial organizations
• Penalties for noncompliance by the individual accountholder and custodian
• Congressional proposals for HSA’s in 2008

Who Should Attend?

The HSA seminar will benefit:

• Bank executives seeking to find new sources for deposits
• Bankers who work with employers on plan design and maximization for customers
• Individuals who work with individuals interested in accumulating funds on a tax-advantaged basis
• Customers who might be seeking a better way to provide health insurance benefits for themselves and their families