Health Savings Accounts (HSAs) - Beyond the Basics

May 14, 2019
9:30 A.M. to 10:40 A.M. CDT
Presented by: JM Consultants, Michael O'Brien
Fee: $185, additional bank branch connections only $60 per connection
Questions: contact Mike Nelson, JM Consultants at 218-831-1858 or email [email protected]

As the nationwide growth of Health Savings Accounts (HSAs) continue to rise, financial organizations are beginning to see more complex transactions due to increased customer activity.  This activity requires personnel to review their existing HSA procedures to ensure transactions are handled properly.  We’ll explore the areas of employee eligibility, handling excess and mistaken distributions, investment diversification and product expansion, including how HSAs are being touted as a retirement savings vehicle in addition to a health care coverage option.  Attendees will learn:

• Partial eligibility rules and testing period
• Qualified HSA funding distributions
• Popular investment alternative selections
• Excess contribution correction methodology
• How to process mistaken distributions
• HSA Beneficiary options
• Distribution options after age 65
• IRS reporting requirements
• Current events – HSA proposals

NOTE: We can do a special customized HSA Webinar just for your bank or if you have a lot of branches, it may be less expensive to have your own webinar.  You choose the time and content. Call Mike!

Registration

Please complete the registration form and either EMAIL to [email protected] or MAIL registration to JM Consultants, 6930 Glory Road, Baxter, MN 56425