Skip to content

HSAs Must Beneficiary Be The Spouse? (IRS)

Question: 
We are beginning to offer HSAs and the question has come up if the beneficiary must be the spouse. The IRS publication 969 does not indicate whether it must be a spouse, but we are in Texas and other situations require spousal consent if the spouse is not named beneficiary (IRAs, 401k, etc).
Answer: 

This is something that is impacted by your state law and whether you are in a community property state. Texas is a community property state so there are most likely requirements for the beneficiary to be the spouse or for special spousal consent to be granted if the beneficiary is someone other than the spouse.

First published on BankersOnline.com 7/8/13

First published on 07/08/2013

Filed under: 
Filed under operations as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics