Health Savings Accounts-Annual Update and Potential Pitfalls Webinar

Health Savings Accounts have always presented a challenge to the custodians or trustees who offer them. We are used to having more control over products we have to report to the IRS. Unlike IRAs, HSAs are pretty much ‘self-administered’ by the client – which is the good and bad news. What is the bank’s job when it comes to overviewing and maintaining Health Savings Accounts correctly?

Health Savings Accounts are celebrating their 19th birthday in 2023 and they still remain a mystery to both the clients who own them and the custodians/trustees who house them. While most of the bank’s responsibility revolves around opening them correctly and providing contribution and distribution reporting to the IRS every year, we seem to get involved in ‘fixing’ the client’s both intentional and unintentional mistakes. This webinar will clarify what is our job and what is the client’s job in regard to paying attention to how much they are contributing and what distributions are being used for.

What You’ll Learn
  • What are the 2023 Cost of Living Adjustments for HSAs?
  • What happens to the contribution limit when a customer enrolls in Medicare?
  • What expenses can be reimbursed from the HSA when paid out-of-pocket?
  • What is the ‘once-in-a-lifetime’ Health Funding Distribution (HFD) and how it is reported to the IRS?
  • What happens to the money in an HSA when the customer turns 65?
  • What is the difference in payout options between a spouse and a non-spouse beneficiary?

Who Should Attend

All employees who open and maintain Health Savings Accounts for their customer base as well as back office administrators and the operations department responsible for the reporting of HSA transactions. Call center employees who answer questions on HSAs are also encouraged to attend.

Continuing Education (CE) Credits

This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.

View Delivery Options

Related Topics

Instructor

Patrice Konarik
Patrice Konarik

Patrice M. Konarik is president of Sunwest Training Corp. founded over 25 years ago and is located in the Texas Hill Country near San Antonio, Texas. With over 35 years in the financial industry, Patr... read more.

Course Title Credits Start Date Start Time End Date Delivery Type Delivery Option Instructor / Location Price
Health Savings Accounts-Annual Update and Potential Pitfalls Webinar .25 Any Any Any Webinar On-Demand Patrice Konarik $279.00 Register Now
Course Title Credits Start Date Start Time End Date Delivery Type Delivery Option Instructor / Location Price
Delivery Options

Webinars for Banks and Credit Unions

Live Webinar:

INCLUDES 30 DAYS OF ONDEMAND PLAYBACK! With this option, you will participate in the webinar as it is being presented. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a phone for the audio. You can type and send your questions to the instructor.  And don’t worry if you miss the webinar, you can still view it for up to thirty days after it takes place!

Live Plus Twelve Months OnDemand Playback:

With this option, you will receive the live version, then you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. The link will be available to you (and anyone else in the company) for up to twelve months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.

Live, Twelve Months OnDemand Playback PLUS Digital Download:

By adding the Digital Download to your order, you will be adding access to make the webinar part of your training library.  You can pause, fast-forward and rewind as needed, which makes it an effective training tool. With this option, you will receive a download of the PowerPoint slides as well.  Access to the Digital Download is for the life of your library.

Powered by
0
    0
    Your Cart
    Your cart is emptyCourses and Events
    Continue Shopping