What is Hilltop National Banks responsibility as the HSA Trustee?
We are not required to “police” the accounts. It is the account holders responsibility to maintain the account and make the determination if you are eligible to have HSA Contributions and ensure HSA distributions are used for qualified medical expenses. As required by the IRS, account holders must be able to substantiate all distributions. Start a folder for all your medical expense receipts.
Related Questions
- How can my employee transfer their existing HSA or Archer Medical Savings Account (MSA) with another financial institution to First National Bank of Jasper? What do they need to do to get started?
- If I already bank with The National Bank of South Carolina how can I transfer money from my HSA to my regular account to reimburse myself for out-of-pocket qualified medical expenses?
- How can I add the investment option to my The National Bank of South Carolina HSA?
