Question 1

What do I have to do to “establish” a FlexBank HSA program for my employees?

admin · Accepted Answer

You may help your employees establish a FlexBank HSA at the same time, or shortly after they become covered by an HSA-eligible high deductible health plan (HDHP). You should provide each interested employee with a FlexBank HSA Sign Up Kit. At the same time, we strongly urge you to encourage employees to read and fully understand all IRS rules and regulations concerning HSAs as the HSA owner is personally responsible for knowing and abiding by these rules and any adverse tax consequences resulting from misuse of the account.

Question 2

What do I have to do to “establish” a FlexBank HSA program for my employees?

admin · Accepted Answer

You may help your employees establish a FlexBank HSA at the same time, or shortly after they become covered by an HSA-eligible high deductible health plan (HDHP). You should provide each interested employee with a FlexBank HSA Sign Up Kit. At the same time, we strongly urge you to encourage employees to read and fully understand all IRS rules and regulations concerning HSAs as the HSA owner is personally responsible for knowing and abiding by these rules and any adverse tax consequences resulting from misuse of the account.