Common use of HSA Clause in Contracts

HSA. When Blue Cross and Blue Shield Administers Your HSA Using its Designated Vendor When you designate HSA Account-Based Offerings in your Group Setup Form, Blue Cross and Blue Shield will provide administrative services consistent with the provisions described in this Section 5 and your Group Setup Form. Under an HSA Account-Based Offering, you will offer a High Deductible Health Plan (HDHP) that meets the requirements of IRS Code, Section 223 to enable your eligible employees to establish and contribute to a health savings account (HSA) to pay for qualified medical expenses of covered persons. 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. You understand that certain actions you take may make the HSA a “group health plan” under ERISA, HIPAA, and other federal or state laws. To prevent the HSA from being considered a group health plan, you may not engage in the following actions, which will constitute a modification of the Plan and will have a materially adverse effect on Blue Cross and Blue Shield’s or its designated vendor’s performance under the terms of this Account-Based Offerings Administrative Services Agreement: (i) require an employee to establish an HSA;

HSA. When Blue Cross and Blue Shield Administers Your HSA Using its Designated Vendor When you designate HSA Account-Based Offerings in your Group Setup Form, Blue Cross and Blue Shield will provide administrative services consistent with the provisions described in this Section 5 and your Group Setup Form. Under an HSA Account-Based Offering, you will offer a High Deductible Health Plan (HDHP) that meets the requirements of IRS Code, Section 223 to enable your eligible employees to establish and contribute to a health savings account (HSA) to pay for qualified medical expenses of covered persons. 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. You understand that certain actions you take may make the HSA a “group health plan” under ERISAXXXXX, HIPAA, and other federal or state laws. To prevent the HSA from being considered a group health plan, you may not engage in the following actions, which will constitute a modification of the Plan and will have a materially adverse effect on Blue Cross and Blue Shield’s or its designated vendor’s performance under the terms of this Account-Based Offerings Administrative Services Agreement: (i) require an employee to establish an HSA;