Can HSA contributions be made by employers the same way they can with a Health Reimbursement Account (HRA)? Reimbursing through employee statement benefits?

Employer HSA contributions must all be made directly into the individual HSA account or provide UMB directives (i.e. data file, online contribution portal) to place a certain amount of money into each employees account. Once the HSA funds are deposited into the HSA, the employer cannot direct the employee on how to use the funds. While communications and tools can be provided to make it easier for accountholders to pay for eligible expenses, the choice of whether to spend the money, save the money or invest the money is up to the accountholder.

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