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#1531704 - 04/05/11 07:29 PM HSA Escheatment
ComplianceGurl, CRCM Offline
Gold Star
Joined: Jul 2007
Posts: 498
Can Health Savings Accounts be escheated? I checked our states Manual for Reporting Unclaimed property but it was not clear.
Thank you!
Last edited by BSA Rookie; 04/05/11 07:36 PM.
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Operations Compliance
#1531733 - 04/05/11 07:57 PM Re: HSA Escheatment ComplianceGurl, CRCM
BrendaC Offline
Power Poster
BrendaC
Joined: Sep 2001
Posts: 6,029
Sweet Home AL
If you have lost contact with your customer, you have to escheat the funds at the appropriate time as required by state statutes. I would treat the account the same as an IRA.
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#1531737 - 04/05/11 07:59 PM Re: HSA Escheatment BrendaC
ComplianceGurl, CRCM Offline
Gold Star
Joined: Jul 2007
Posts: 498
Thank you Brenda!

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