Custodial Agreement and Disclosure Statement Sample Contracts
Custodial Agreement and Disclosure StatementCustodial Agreement and Disclosure Statement • September 18th, 2020
The Accountholder is establishing this Health Savings Account (“HSA”) exclusively for the purpose of paying or reimbursing qualified medical expenses of the Accountholder, his or her spouse, and dependents. The Accountholder represents that, unless this account is used solely to make rollover contributions, he or she is eligible to contribute to this HSA; specifically, that he or she (1) is covered under a high deductible health plan (“HDHP”), (2) is not also covered by any other health plan that is not an HDHP (with certain exceptions for plans providing preventive care and limited types of permitted insurance and permitted coverage), (3) is not enrolled in Medicare, and (4) cannot be claimed as a dependent on another person’s tax return. Healthcare Bank, a division of Bell Bank is the “Custodian” under this agreement.
Standard Contracts
Custodial Agreement and Disclosure StatementCustodial Agreement and Disclosure Statement • August 17th, 2015
Notification of Amendment: As of September 1, 2015 the Custodial Agreement and Disclosure Statement has been updated to include the 2016 contribution limits. In addition Section 11.05 and 11.20 have been modified to permit the closure of accounts with a balance of $25 or less for a period of twelve (12) months and Section 11.09 has been modified to include verification of authorized activity.
