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

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!

• 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