Skip to content
BOL Conferences
Learn More - Click Here!

Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums Operations Compliance HSA Escheatment
Thread Options
#1531704 - 04/05/11 07:29 PM HSA Escheatment
ComplianceGurl, CRCM Offline
Platinum Poster
Joined: Jul 2007
Posts: 500
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.
Return to Top
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.
_________________________
Life without Jesus is like an unsharpened pencil - it has no point.

Return to Top
#1531737 - 04/05/11 07:59 PM Re: HSA Escheatment BrendaC
ComplianceGurl, CRCM Offline
Platinum Poster
Joined: Jul 2007
Posts: 500
Thank you Brenda!

Return to Top

Moderator:  Andy_Z, John Burnett