2019-2024 Form

Instructions and help about Account Closure Form UMB Bank

Hello I'm Lois Carrier certified financial planner today we're going to continue our discussion of HSAs or health savings accounts if you haven't noticed I'm really excited for those of you who have access to these through your employer so how can you contribute your HSA well as an employee you can elect a recurring contribution amount that's deducted from your income or you can also change or even stop contributing during any year your employee ploy your can also contribute to his employees HSAs which is a tremendous benefit if you decide not to contribute from your payroll you can just deposit into your account the same way you do your regular bank account your bank can transfer from a checking account into your HSA account remember these have contribution limits so check with your plan administrator to make sure that you can do it now for the big news if you're wishing you had money to put into an HSA but you don't you might have an RA if you do bingo a little-known part of the tax