Category: HSA Consulting Services News

HSA Strategy: Distribution, Product, Price

The Health Savings Account. A tax advantaged account attached to a special type of health plan.  The idea is simple. The business of acquiring those accounts? That’s another story.  Take a moment to review this picture and try to follow what’s going on.   At the bottom are the ultimate HSA users.  Employers offer HSAs in their benefit […]

Read Full Article

HSA Transactions and Impact to Taxes

Here’s something we are often surprised to find out as we dive deeper into how HSA providers handle this topic:  – most make mistakes when handling reversals. Sure, everyone knows most credits are contributions, and those count towards the annual max.  And here starts another challenge, not all will enforce the statutory maximum contribution limit.  This means, they […]

Read Full Article

VC and PE investments in HSA and CDH administrators and TPAs.

Mitigating investment risk and maximizing growth. The benefits accounts market, namely HSAs (Health Savings Accounts), FSAs (Flexible Spending Accounts), and HRAs (Health Reimbursement Arrangements) has been growing and getting plenty of attention in the recent years, driven primarily due to the growth in HSAs.  According to Devenir, one of the largest HSA investment solutions providers, […]

Read Full Article

How’s your CIP/KYC program?

The Customer Identification Program (CIP), also known as “Know Your Customer“ (KYC), is a compliance component of the account opening process where bank trustees/custodians need to, put in simple terms, ensure that the customer is who they say they are.  This is easy to do in person, when they are face to face with the customer at a branch.  HSA providers have many […]

Read Full Article

Itamar Romanini joins HSA Consulting Services team

Roy Ramthun and Paul Verberne from HSA Consulting Services welcome Itamar Romanini as their new partner. Itamar brings over 20 years of industry experience in the HSA and CDH space, ranging from operations and technology, to strategy, sales and marketing. This addition expands the scope of capabilities from HSA Consulting Services, which has been focused […]

Read Full Article

“Mr. HSA” comments on “testing period” rule

Roy recently commented on an article from financial-planning.com around IRA transfers into HSAs. He said: “Clients who don’t expect to remain on a high-deductible health plan much longer, intend to job hop, or enroll in Medicare shortly may get bitten badly by the IRS if they make this move. That’s because when assets transfer from […]

Read Full Article