Top 25 HSA Questions in 2008: What Bankers Need to Know


Presented by:
Whitney Johnson

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Health Savings Accounts moved from the fringe to the mainstream in 2007 with 62% of financial institutions now offering them. Over 80% of financial institutions cite customer demand as the reason for getting into HSAs. Demand will grow significantly in 2008 as more and more individuals and employers make the switch to save money and enjoy the benefits of HSA ownership. Education is repeatedly cited as the #1 issue for HSAs: most Americans still do not understand them. Financial institutions, as a trusted provider, are positioned on the frontline of this educational challenge.

This seminar is devoted to giving you the knowledge you need to offer and support your HSA program with confidence. The seminar will cover the most important HSA questions your customers will ask you in 2008 with an emphasis on the most confusing issues.

The seminar will also cover issues facing employers offering HSA programs. Understanding the special needs of businesses, especially small businesses, is crucial to success in the HSA market. You will leave this seminar more confident in your knowledge of HSAs and armed with the knowledge necessary to work with employer groups.

What you will learn:

  • First Hour - HSA Issues for HSA Owners
    • 2008 Update
    • Overview of HSAs
    • Eligibility and Contribution Rules - including ELIGIBILITY WORKSHEET*
      • Rollovers from IRAs
      • Tricky Eligibility and Contribution Questions
      • Correcting a Mistaken Distribution
  • Distribution Rules - Including DISTRIBUITON WORKSHEET*
    • Who Can Use the HSA
    • Eligible Medical Expenses
    • Other Distributions (long term care, age 65, death, etc)
  • Tax Rules - Including TAX SAVINGS WORKSHEET *
    • How do HSA owners get the tax benefits?
    • Employer versus individual contributions
  • HSA Reporting and Administration Issues

  • Second Hour - HSA Issues for Employer/Small Businesses
    • Employer Funding - including EMPLOYER FUNDING WORKSHEET*
      • Payroll Deferral
      • Employer Gifts
      • Rollovers from FSAs and HRAs
    • Small Business Owner Issues - including SMALL BUSINESS OWNER GUIDE*
      • Sole Proprietors
      • LLCs
      • 2% Owners of S-Corps
    • Comparability Review - Including COMPARABILITY WORKSHEET*
    • Employer Enrollment
    • Section 125 Plans - Including HSA/FSA/HRA COMPARISION GUIDE*
    • HSA Reporting and Administration Issues *The materials include Worksheets in key areas. The Worksheets are plain English, short, step-by-step guides to walk through the most common and difficult issues in HSAs.

      Who Should Attend: Health Savings Account Administrators, IRA Administrators, Customer Service Representatives, Small Business Managers, Employee Benefit/Payroll Managers, Branch Managers, Personal Bankers, and Branch Administration.

      About the speaker:
      Whitney is the founder of HSA Authority, LLC an HSA solution provider for financial institutions and an Assistant Professor of Business Law at St. Cloud State University. Whitney has worked with HSAs since their introduction and he has started three companies devoted to the compliance and marketing aspects of Health Savings Accounts. Prior to the HSA legislation, Whitney worked with financial institutions for over 17 years. Thirteen of those years were spent at Wolters Kluwer Financial Services/Bankers Systems in various roles; including as a seminar attorney and legal counsel for the Financial Services Division, primarily working with IRA issues. He presents frequently on HSA and IRA topics.

      Whitney co-authored the IRA Answer Book for Panel Publishing and has written articles for a number of publications; including, the American Banker and the ABA Banking Journal. He also served as an appointed member to IRPAC, an IRS Advisory Board that meets in Washington DC. Whitney serves as an expert witness on the duties and responsibilities of an IRA custodian and trustee.

      Whitney graduated with a Finance Major from the University of Wisconsin - Madison and a JD from the University of Minnesota.
      • Complete presentation (including slides and audio)
      • Written Materials
      • Follow-up Q & A
      You have the right under this license agreement for this CD-ROM to use this presentation on a single-workstation. Use on a network is in violation of the copyright agreements. CD may be used by multiple users at a given institution but may not be placed on a network or in any other multi-user environment.

  • Add to Cart:

    • Model: cd_hsa0308
    • Manufactured by: Glia Group, Inc.

    This product was added to our catalog on Wednesday 14 January, 2009.

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