Health Savings Brokerage Account Sample Clauses

Health Savings Brokerage Account. Your Investment Account may include an option for a health savings brokerage account (“HSBA”). In order to open an HSBA, you will be required to have a balance in your Investment Account and enter into a separate agreement with the HSBA broker. Your HSBA will permit you to direct the investment of your HSA within a large number of investment choices available to your HSBA. The auto-investment feature does not apply within your HSBA, and investments within your HSBA will not be liquidated if you have a negative balance in your Cash Account. You are responsible for buying and selling investments within your HSBA and monitoring your Cash Account to prevent closure of your HSA. We may instruct the broker to liquidate investments in your HSBA only if your HSA is closed, deemed to be abandoned under applicable state law, subject to levies or garnishments, or upon your death. You agree that
Sample 1Sample 2Sample 3See All (6)
AutoNDA by SimpleDocs
Health Savings Brokerage Account. Your Investment Account may include an option for a health savings brokerage account (“HSBA”). In order to open an HSBA, you will be required to have a balance in your Investment Account and enter into a separate agreement with the HSBA broker. Your HSBA will permit you to direct the investment of your HSA within a large number of investment choices available to your HSBA. The auto-investment feature does not apply within your HSBA, and investments within your HSBA will not be liquidated if you have a negative balance in your Cash Account. You are responsible for buying and selling investments within your HSBA and monitoring your Cash Account to prevent closure of your HSA. We may instruct the broker to liquidate investments in your HSBA only if your HSA is closed, deemed to be abandoned under applicable state law, subject to levies or garnishments, or upon your death. You agree that we are not responsible for the selection or monitoring of investments in your HSBA, determining the suitability of investments, or for the fee disclosure obligations of the broker. You are responsible for complying with all laws and employer policies regarding xxxxxxx xxxxxxx. If you or a family member are associated with a Financial Industry Regulatory Authority (FINRA) or Exchange Member Firm, you agree to notify your employer before opening an HSBA and obtain any required authorizations. You agree to work with the broker as applicable regarding any investment restrictions and duplicate copies of trade confirmations and statements. As custodian of the HSBA, we do not monitor your investments and are not responsible for compliance with FINRA Rule 3210 or similar state or federal restrictions on xxxxxxx xxxxxxx.
Sample 1
Health Savings Brokerage Account. The Investment Account may include a brokerage account feature (“HSBA”). In order to open an HSBA, the Account Owner must have a balance in the Investment Account and enter into a separate agreement with the HSBA provider. The HSBA will permit the Account Owner to direct the investment of HSBA assets within the investments available within the HSBA. The Account Owner agrees that the Custodian, the HSA Administrator and the Financial Advisor have no responsibility for the selection or monitoring of investments available through the HSBA, determining the suitability of such investments or for any disclosure or other obligations of the HSBA provider. The Account Owner is responsible for complying with all laws and employer policies regarding xxxxxxx xxxxxxx and other matters under applicable securities laws. If the Account Owner or a family member is associated with a FINRA or Exchange Member Firm (as defined by applicable law and regulation), the Account Owner agrees to notify the Account Owner’s employer prior to opening an HSBA and to obtain any required authorizations. The Account Owner agrees to work with the HSBA provider, as applicable, regarding any investment restrictions and requests for duplicate copies of trade confirmations and/or statements. The Custodian and HSA Administrator do not monitor the Account Owner’s investments in the HSBA and are not responsible for compliance with FINRA Rule 3210 or any similar state or federal restrictions on xxxxxxx xxxxxxx. Automatic Investment Transfers are not available for the HSBA.
Sample 1

Related to Health Savings Brokerage Account

  • Health Savings Account (HSA) is a tax-exempt trust or custodial account established exclusively for the purpose of paying qualified medical expenses of the member who is covered under a high deductible health plan. The member must be covered under the HSA plan for the months in which contributions are made. HIGH DEDUCTIBLE HEALTH PLAN (HDHP) is a health plan that satisfies certain requirements with respect to deductibles and out-of-pocket expenses. The plan cannot provide payment for any covered healthcare service until the plan year deductible is satisfied, with the exception of preventive care services. • that provides medical and surgical care for patients who have acute illnesses or injuries; and • is either listed as a hospital by the American Hospital Association (AHA) or accredited by the Joint Commission on Accreditation of Healthcare Organizations (JCAHO).

  • Health Care Savings Plan As provided in this Agreement, eligible ASF Members will participate in the health care savings plan (HCSP) established under Minnesota Statute 352.98, and as administered by the Plan Administrator. The Employer is responsible only for transferring funds, as specified in this agreement, to the Plan Administrator. Subd. 1. All ASF Members who receive severance pay as defined in Section A of this article must participate in the health care savings plan. Subd. 2. All severance pay as defined in Section B of this article shall be transferred to the severed employee's health care savings plan account. At the time of separation, if an ASF Member has an approved exception to participation in the health care savings plan account from the plan administrator, then the ASF Member shall receive this payment in one lump sum payment of cash.

  • Health Spending Account contributions by the Executive will cease on the Effective Date. The Executive may submit claims against the balance accrued to the Effective Date, until the end of the calendar year in which the Effective Date occurs.

  • Health Care Spending Account After six (6) months of permanent employment, full time and part time (20/40 or greater) employees may elect to participate in a Health Care Spending Account (HCSA) Program designed to qualify for tax savings under Section 125 of the Internal Revenue Code, but such savings are not guaranteed. The HCSA Program allows employees to set aside a predetermined amount of money from their pay, not to exceed the maximum amount authorized by federal law, per calendar year, of before tax dollars, for health care expenses not reimbursed by any other health benefit plans. HCSA dollars may be expended on any eligible medical expenses allowed by Internal Revenue Code Section 125. Any unused balance is forfeited and cannot be recovered by the employee.

  • Health Spending Account (HSA Wellness Spending Account (WSA)/Registered Retirement Savings Plan (RRSP) utilization rates;

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Income Account The Trustee shall collect the dividends and other cash distributions on the Securities in each Trust which would be treated as dividend (other than capital gain dividends) or interest income under the Internal Revenue Code as such become payable (including all monies which would be so treated representing penalties for the failure to make timely payments on the Securities, or as liquidated damages for default or breach of any condition or term of the Securities or of the underlying instrument relating to any Securities and other income attributable to a Failed Contract Obligation for which no Replacement Security has been obtained pursuant to Section 3.12 hereof) and credit such income to a separate account for each Trust to be known as the "Income Account." Any non-cash distributions received by a Trust shall be sold to the extent they would be treated as dividend or interest income under the Internal Revenue Code and the proceeds shall be credited to the Income Account. Except as provided in the preceding sentence, non-cash distributions received by a Trust (other than a non-taxable distribution of the shares of the distributing corporation which shall be retained by a Trust) shall be dealt with in the manner described in Section 3.11, herein, and shall be retained or disposed of by such Trust according to those provisions and the proceeds thereof shall be credited to the Capital (Principal) Account. Neither the Trustee nor the Depositor shall be liable or responsible in any way for depreciation or loss incurred by reason of any such sale. All other distributions received by a Trust shall be credited to the Capital (Principal) Account."

  • Income Collection, Transaction Processing, Account Administration of a basis point per annum on the average net assets of the Fund.

  • Traditional Individual Retirement Custodial Account The following constitutes an agreement establishing an Individual Retirement Account (under Section 408(a) of the Internal Revenue Code) between the depositor and the Custodian.

  • Financial Services Compensation Scheme We are a participant in the Financial Services Compensation Scheme (the “FSCS”). As a retail client you may be eligible to claim compensation from the FSCS in certain circumstances if we, any approved bank, our nominee company or eligible custodian are in default. Most types of investment business are covered in full for the first £85,000 of any eligible claim. Not every investor is eligible to claim under this scheme: for further information please contact us, or the FSCS directly at xxx.xxxx.xxx.xx.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!