Category: HSA Compliance Certification

Should You Close Your Health Savings Account If You Have Little or No Balance?

The quick answer is “no.”  If you do, you may miss out an opportunity to pay future expenses tax-free. I frequently get questions from Health Savings Account owners about closing their account because they’ve drawn down the balance to zero or something close to it.  Sometimes they are being nudged by their HSA provider to […]

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Certificate of HSA Operational Compliance to First Dollar

HSA Consulting Services hereby Issues this Certificate of HSA Operational Compliance to First Dollar. HSA Consulting Services performed an extensive review of First Dollar’s operations and processes, to assess its compliance with HSA rules and regulations around account establishment, transactions processing, statements and tax reporting, as well as proper handling of unique situations pursuant to IRS guidelines. We […]

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