Health Savings Accounts 101: Basic Operations, Plan Establishment, Eligibility & Contributions

Compliance Frontline & New Accounts IRA Operations

On-Demand Webinar

StreamedApr 8, 2025Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

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HSAs are becoming more popular, and accountholder questions are becoming more frequent.

Can you describe an HSA’s features, eligibility components, and benefits? Are you adept at the more nerve-wracking aspects, like partial-year eligibility, and changes from family to individual coverage – and vice versa? Join us to learn some of the better-kept secrets of HSA savings and the creative, tax-protected ways they can be used for medical and nonmedical purposes alike!

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Contrast an HSA with a traditional health insurance plan
Decipher an individual’s annual contribution limit
Name some of the more frequent errors for which corrections are requested
Describe common misconceptions about HSA administration
Explain what to do when an HSA owner dies
Recall ways financial institution staff – and platforms - sometimes overstep, and best practices to avoid doing so

WEBINAR DETAILS

A health savings account (HSA) is a special type of savings account. An HSA is a tax-qualified savings account that allows HSA owners to set aside money on a tax-sheltered basis to cover the cost of qualified medical expenses for themselves and other qualifying family members. These plans are growing in popularity and provide a trifecta of tax benefits, including tax-deductible contributions, tax-deferred growth, and tax-free distributions. HSA owners can either pay the expenses at the time they are incurred or, if they choose, reimburse themselves at some time in the future.

With all these features, an HSA paired with a high-deductible health plan (HDHP) offers a compelling alternative to traditional health insurance plans. This webinar will define an HSA, explain the eligibility requirements, and name the unique features and benefits. Further, it will dive into the funding and HDHP limits that will enable you to supply superb service to your HSA owners. Don’t miss this chance to learn the ins and outs of HSA accounts and up your game.

WHO SHOULD ATTEND?

This informative session is designed for individuals who are fielding HSA questions, managing accountholders’ HSA transactions, researching HSA overdrafts and excess contributions, and interfacing with HSA beneficiaries.

TAKE-AWAY TOOLKIT

Link to IRS Publication 969
Link to the HSA plan establishment model form
Links to the HSA contribution and distribution IRS reporting forms and instructions that drive unique in-house transaction forms and procedures
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.