HSA Trustee definition
Examples of HSA Trustee in a sentence
Contractor will remain responsible for the administration and assumes full responsibility for HSA Trustee performance.
Contractor will collect and retain authorization from Members to transfer Claims information to the HSA Trustee.
Any excess contributions (as defined by Code Section 223(b)(3)(B)) made by any Account Beneficiary in accordance with these limitations shall be distributed in accordance with Code Section 223(b)(3)(A) or as otherwise directed by the HSA Trustee or Custodian.
HCA will provide eligibility files as stated in the Contract and will assign an eligibility data expert to work with Contractor and the HSA Trustee.
HCA agrees to remit a twenty dollar ($20.00) administrative fee to the HSA Trustee for each disenrollment that results in the recovery of the terminated Member’s HSA employer contribution deposited after the effective date of termination.
HCA will send employer contribution data files to HSA Trustee for deposit into Member HSA accounts on a monthly basis according to procedures established jointly between HCA and the HSA Trustee.
HCA will pay an additional administrative fee outlined in Exhibit A for work performed by HSA Trustee for each Subscriber enrolled in UMP CDHP.
Develop, design, print, and distribute the documents listed below, in coordination with the HSA Trustee and HCA.
By February 1 of each calendar year, or as otherwise specified by the applicable HSA Trustee or Custodian if applicable, the Employer shall furnish to each Employee who was an Account Beneficiary and received benefits under Section 10.6 during the prior calendar year, a statement of all contributions made to the Health Savings Account as well as such benefits or other distributions paid to or on behalf of such Account Beneficiary during the prior calendar year.
The Trustee or HSA Custodian shall make distribution of such amounts to the Account Beneficiary, or any designated beneficiary, as soon as reasonably practicable after the Trustee or Custodian receives the Account Beneficiary’s written distribution request, in accordance with the HSA Trustee or HSA Custodian’s applicable procedures.