Health Savings Accounts

As the insurance industry changes, Health Savings Accounts have become an integral part of medical expense planning.

Because of the high cost of health insurance premiums, more and more companies and individuals are enrolling in High Deductible Health Plans (HDHPs) to reduce their health care premium costs. As they do, there is a growing need for Health Savings Accounts to pay those medical expenses until the high deductible is met and the insurance co-pay kicks in.

Whether you now offer HSAs or are thinking about offering HSAs, this informative webinar will provide the information you need to make sure you set up the accounts correctly and perform proper maintenance and reporting.

Covered Topics:

  • What are the five mandatory requirements for HSA eligibility?
  • What is the definition of a HDHP?
  • What are the contribution limits for 2015 and 2016?
  • How do you handle the removal of excess contributions?
  • What responsibilities do financial institutions have to monitor qualified medical expense withdrawals?
  • How do you handle overdrafts in an HSA account?
  • What kind of account should HSA money be invested in?
  • How do you re-deposit medical expense reimbursements?
  • Are your HSA contributions and distributions being reported correctly to the IRS on the 5498-SA and 1099-SA?

Who Should Attend?

New Account Representatives, Certificate of Deposit Personnel, Savings Counselors, Accountholder Service Representatives, and Investment and Trust Personnel involved in opening, selling, marketing, or administration of HSAs. Also, any Officer/Manager who oversees the New Account department and may be responsible for answering HSA accountholders' questions or concerns, but doesn't actually open HSA accounts.