If UMB converts an MSA to an HSA and funds are not withdrawn in the process, is this considered a rollover or a trustee-to-trustee transfer?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

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