Can an employer take their contributions made in error out of an HSA?

"The IRS states that HSAs are non-forfeitable. Therefore, as the custodian, UMB requires written accountholder authorization to remove funds/contributions from their HSA. There are only two exceptions when UMB can return money directly to the employer.

  1. The accountholder was never eligible for an HSA.
  2. The funds put their HSA into an excess contribution scenario (more than the family maximum, plus catch-up)."

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

HSAs are available to help pay for current qualified medical expenses as well as to save for future expenses, all in a tax-exempt account.

Take the guesswork out of HSA Administration

The UMB HSA empowers you with robust analytics, reporting tools and the communication support you'd expect from a top 10 HSA custodian