What information does UMB report to the IRS?

UMB is required to report the total contributions made to each account each year, as well as the total amount of funds withdrawn from the account each year (distributions). This information is reported on Form 5498-SA (contributions) and Form 1099-SA (distributions) to both the accountholder and to the IRS. Form 1099-SA must be postmarked by January 31. Form 5498-SA must be postmarked by May 31, as consumers may contribute until the tax deadline, which is generally April 15.

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