Accounting/Finance, Accounting/Reporting, Audit, Auditing, Auditing/Reporting, Compliance, Customer Service, Deposit, Deposit Accounts, IRAs, Reporting, Teller
Health Savings Accounts have always presented a challenge to the custodians or trustees who offer them. We are used to having more control over products we have to report to the IRS. Unlike IRAs, HSAs are pretty much 'self-administered' by the client - which is the good and bad news. What is the bank's job when it comes to overviewing and maintaining Health Savings Accounts correctly?