Health Savings Accounts are celebrating their 14th “birthday” and there has never been a more misunderstood product. While many HSA custodian and trustees have been more than patient with the HSA account owner’s “learning curve” creating extra work for the institution, it's time for the accountholder to take responsibility and PAY ATTENTION!! For example, many HSA owners are using their HSA as a perpetual contribution account covering all of their medical (and non-medical) expenses without any concern with the annual contribution limitations. After receiving an excess contribution IRS penalty, they now want the custodian/trustee to go back 2-3 years and "fix it". There are so many mistakes being done by accountholders and financial institutions creating hours of unnecessary corrections. It is time to get a handle on these tricky products and get some fail-safe policies and procedures in place to clean up the messes we have encountered and move forward in the right direction.
Whether you are now offering HSAs or are thinking about offering HSAs, this 2 hour extremely informative webinar will give you the information you need to make sure you are setting the accounts up correctly and performing the proper maintenance and reporting.
Who Should Attend?
New Account Representatives, Certificate of Deposit Personnel, Savings Counselors, Accountholder Service Representatives, Investment and Trust Personnel who are involved in the opening, selling, marketing, or administration of HSAs. Any officer/manager who "oversees" the New Account department and may be responsible for answering HSA accountholders questions or concerns but does not actually open HSA accounts.
If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.