Common use of Health Savings Brokerage Account Clause in Contracts

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