Roles of Third Parties. In some cases, certain third parties (individually, a “Third Party,” and collectively, “Third Parties”) may work with BB&T to provide various services or aspects of the HSA account opening or account maintenance/administration processes. These may include: (a) your employer; (b) Third Party Administrators (“TPAs”) that provide account opening and ongoing administrative services as an intermediary between the Custodian on the one hand and businesses and their employees on the other; and (c) insurance brokers or other firms that assist businesses and their employees with their health care benefit plan needs, including providing HSA account opening services. Any such Third Parties may provide you with initial information about BB&T HSAs, assist you with obtaining answers to your questions about HSAs, obtain completed account applications for forwarding to the Bank, collect information to verify applicants’ identities as described above, and perform other aspects of the account opening process. They may also collect HSA contributions made by you or others and periodically transfer them to a designated account at the Bank for crediting to your HSA. In addition, TPAs may perform such services as processing distributions requested by Account Owners, transmitting other Account Owner instructions to the Bank, handling certain recordkeeping and tax reporting matters, and providing telephone and/or online support to Account Owners. You agree that: (a) all Third Parties contemplated by this paragraph will have access to such personal, financial and account information relating to you, the Account Owner, as may be necessary or desirable to perform the functions for which the Third Party has been engaged; (b) to the extent such a Third Party acts as an intermediary between you and the Bank, you hereby authorize the Third Party as your agent to interact with the Bank as may be required or appropriate in the administration of your HSA; and (c) to the extent a Third Party performs services or aspects of HSA account opening and administration that would otherwise be performed by BB&T, certain references in this Agreement to BB&T, the Bank, the Custodian, “we,” “us,” “our” and the like will be deemed to refer instead to the Third Party, or to BB&T and the Third Party collectively, as appropriate in the context. Also, BB&T and any Third Party may utilize such additional affiliated or unaffiliated service providers or vendors (for example, investment fund providers and softwar...
