If UMB converts an MSA to an HSA and funds are not withdrawn in the process, is this considered a rollover or a trustee-to-trustee transfer? Is the amount reported on the 5498-SA?

If UMB converts an MSA into an HSA and the accountholder never has custody of the funds, the conversion is considered a trustee-to-trustee transfer and will not be reported on the 5498-SA as a new contribution. (Reference instructions to 5498-SA.‡)

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Introducing UMB HSA Saver

UMB HSA Saver is a unique investment platform designed with ease in mind. Account holders can easily research, buy and sell funds with a couple clicks.

How to Use ReceiptVault

Easily track and manage your healthcare receipts using ReceiptVault.

HSA FAQ Resource

Find answers to your most common HSA questions in our comprehensive HSA FAQs section.