Withdrawals by or to Third Parties. (a) Only you can authorize withdrawals from your HSA, except as otherwise set forth herein. If you provide your personal access information (e.g., passwords, security codes, etc.) to any third parties, you understand and acknowledge that you are authorizing the third parties to make withdrawals on your behalf as though made by you. To revoke such authority, you must change your personal access information by logging in to your HSA via the Portal. We may, in our discretion, honor or refuse to honor withdrawal authority purported to be established by external documentation (such as a financial or health care power of attorney) presented by you or a third party. If we elect to honor such authority, we may establish such conditions or limits on its exercise as we deem appropriate. Regardless, you agree to indemnify and hold us harmless for relying on such authority. We may also continue to recognize such authority until we receive written notice of revocation from you and have had a reasonable time to act upon such revocation, or until such time as may otherwise be required by the authorizing document or by law. (b) Unless prohibited by applicable law, we may make distributions to third parties without your authorization pursuant to levies, attachments, or similar legal process, or court orders with which we reasonably believe we should or must comply. We will not be liable to you for any such distributions, and you agree to indemnify and hold us harmless against any claims, losses, damages, or expenses relating to such distributions.
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Samples: Health Savings Account Custodial Agreement, Health Savings Account Custodial Agreement
Withdrawals by or to Third Parties. β
(a) Only you You can authorize withdrawals from your Your HSA, except as otherwise set forth herein. If you You provide your Your personal access information (e.g., e.g. passwords, security codes, etc.) to any third parties, you You understand and acknowledge that you You are authorizing the third parties to make withdrawals on your Your behalf as though made by youYou. To revoke such authority, you You must change your Your personal access information by logging in to your HSA via the Portal. We may, in our Our discretion, honor or refuse to honor withdrawal authority purported to be established by external documentation (such as a financial or health care power of attorney) presented by you You or a third party. If we We elect to honor such authority, we We may establish such conditions or limits on its exercise as we We deem appropriate. Regardless, you You agree to indemnify and hold us harmless for relying on such authority. We may also continue to recognize such authority until we We receive written notice of revocation from you You and have had a reasonable time to act upon such revocation, or until such time as may otherwise be required by the authorizing document or by law.
(b) Unless prohibited by applicable law, we We may make distributions to third parties without your Your authorization pursuant to levies, attachments, attachments or similar legal process, process or court orders with which we reasonably believe we should or must comply. We will not be liable to you You for any such distributions, and you You agree to indemnify and hold us harmless against any claims, losses, damages, damages or expenses relating to such distributions.
Appears in 1 contract
Samples: Custodial Agreement
Withdrawals by or to Third Parties. (a) Only you can authorize withdrawals from your HSA, except as otherwise set forth herein. If you provide your personal access information (e.g., e.g. passwords, security codes, etc.) to any third parties, you understand and acknowledge that you are authorizing the third parties to make withdrawals on your behalf as though made by you. To revoke such authority, you must change your personal access information by logging in to your HSA via the Portal. We may, in our discretion, honor or refuse to honor withdrawal authority purported to be established by external documentation (such as a financial or health care power of attorney) presented by you or a third party. If we elect to honor such authority, we may establish such conditions or limits on its exercise as we deem appropriate. Regardless, you agree to indemnify and hold us harmless for relying on such authority. We may also continue to recognize such authority until we receive written notice of revocation from you and have had a reasonable time to act upon such revocation, or until such time as may otherwise be required by the authorizing document or by law.
(b) Unless prohibited by applicable law, we may make distributions to third parties without your authorization pursuant to levies, attachments, or similar legal process, or court orders with which we reasonably believe we should or must comply. We will not be liable to you for any such distributions, distributions and you agree to indemnify and hold us harmless against any claims, losses, damages, or expenses relating to such distributions.
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