Examples of HSA Account in a sentence
An HSA Account is an Account for medical expenses and is established under 26 USC § 223.
After Blue Cross and Blue Shield receives this enrollment information, fulfillment materials to establish an HSA will be mailed to each prospective HSA Account Owner.
In addition, neither you nor Blue Cross and Blue Shield may seek to control the investment of assets in an HSA or to restrict the ability of HSA Account Owner to withdraw funds from an HSA without regard to whether the HSA funds will be used to reimburse amounts paid by the individual for qualified medical expenses for the individual, the individual’s spouse, and any of the individual’s dependents, as defined in Internal Revenue Code, Sections 152 and 213(d).
Blue Cross and Blue Shield directly or through its designated vendor(s) will provide limited administrative services to HSA Account Owners.
You will provide Blue Cross and Blue Shield, within a reasonable period prior to the start of your policy year under this Account-Based Offerings Administrative Services Agreement, a list of individuals covered under an HDHP who desire to become HSA Account Owners, including any information Blue Cross and Blue Shield or its designated vendor(s) requires to complete the HSA enrollment process.
Blue Cross and Blue Shield through its designated vendor(s) will make HSAs available to your eligible individuals on terms and conditions agreed to by the individual (HSA Account Owner) in a depository agreement and other materials.
Neither you nor Blue Cross and Blue Shield may take any actions that would limit an HSA Account Owner’s ability to transfer or rollover HSA funds from one custodian or trustee to another.
HSA Account Owners will be provided with the options to use debit cards and/or online xxxx pay for accessing HSA funds.
Each HSA Account Owner has sole responsibility for seeking and obtaining reimbursement for any expenditure from his or her HSA.
Each HSA Account Owner will choose the option(s) he or she wishes to use under the terms of their HSA agreement.