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Karen Brown-Tims has been hired to assist in implementing the HSA and HDHP programs. Karen is available to answer questions, come to your offices 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. Read the official press release. 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.



HSA Information

• Why should your bank offer HSAs? - Health Savings Accounts 101: How your bank and customers can benefit.
  
  
• 2007 HSA Contract - Visit here to download a 2007 Health Savings Custodial Account contract!
  
  
• 2007 HSA contributions limits - Limits for HSA contributions.
  
  
• 2007 HSA custodial considerations - Information on custodial considerations!
  
  
• 2007 HSA ERISA information - Information regarding the application of the Employee Retirement Income Security Act of 1974.
  
  
• 2008 HSA Road Rules (for consumers)
• 2008 HSA Road Rules (for employers)
• Administrative and/or procedural guidelines for HSA\'s
• HRA and FSA changes - Visit here to download info about Flexible Spending Arrangements and Health Reimbursement Arrangements changes.
  
  
• HSA banks - List of banks offering HSAs.
  
  
• HSA frequently aked questions - What you need to know about Health Savings Accounts.
  
  
• HSA help for banks - Sample forms, tax savings information, allowable expenditures and more.
  
  
• HSA tax savings - Examples of tax savings from HSA contributions in 2006!
  
  
• HSAs: Myth vs. Fact - A myth vs. fact update on HSAs from whitehouse.gov.
  
  
• Indexed Amounts for Health Savings Accounts - The Treasury Department and IRS issued new guidance on the maximum contribution levels for HSAs.
  
  
• Sample invitation for banks to customers - Here is a sample invitation for banks to send to customers.
  
  
• Tax Relief and Health Care Act of 2006