MEMBERS AREA:

Health Savings Accounts Information

The OBA is offering a suite of high deductible health plans, (HDHP), products. The reasons for your bank to offer both HSA's and HDHP's are many.

Karen is available to answer questions, come to your office for training, give seminars or any other manner to assist you in promoting these new programs and capture this revenue stream. Karen can be reached at 405-424-5252 in the office, 405-641-3556 on her cell, or karen@oba.com!

The U.S. Treasury urges banks to offer Health Savings Accounts. Here's some information collected by the U.S. Treasury on HSAs. The IRS also has some background info on HSAs here.

Also, click here to see what the IRS has to say about HSAs when filing income tax returns and click here for the 969 Publication/tax changes. The Treasury also has a fact sheet on the dramatic growth of HSAs!

If your bank is planning on serving as the custodian or trustee of the HSA, here is some more information. Also, here are some small business solutions when dealing with HSAs and how HSAs can help the current crisis of Americans without insurance.

For your information, the limited power of attorney form and health savings custodial account form are available for you to download.

Additionally, click here for info on medical and dental expenses!

HSA Information

• HSA banks in Oklahoma
• Why should your bank offer HSAs? -

  Health Savings Accounts 101: How your bank and customers can benefit.

• 2009 HSA Road Rules (for consumers)
• Administrative and/or procedural guidelines for HSA\'s
• Glossary of HSA terms
• HRA and FSA changes -

  Visit here to download info about Flexible Spending Arrangements and Health Reimbursement Arrangements changes.

• HSA forms for banks, consumers -

  Sample forms, tax savings information, allowable expenditures and more.

• HSA frequently asked questions
• HSA guidance on contributions
• HSA tax savings
• HSA technical guidance
• HSAs: Myth vs. Fact
• Indexed Amounts for Health Savings Accounts -

  The Treasury Department and IRS has issued Indexed Amounts for 2010 and past years.

• IRA transfers to HSA
• Other guidelines for HSAs
• Sample invitation for banks to customers
• Tax Relief and Health Care Act of 2006