Glossary
Glossary - B
"Below the Line" Deduction
An itemized personal income tax deduction. – For example:
Gross Income (sum of all your sources of income)
--Above the line deductions
=Adjusted Gross Income “The Line”
--Standard Deduction or Itemized Deductions (below the line)
--Exemptions
=Taxable Income
Beneficiary
For a Health Savings Account (HSA), individuals may select an individual (or individuals) as their beneficiary to inherit any HSA funds that remain in their account after death. (See Beneficiary Designation Form and/or Change of Beneficiary)
Beneficiary Designation Form
This form is used to designate a primary and secondary beneficiary for the Health Savings Account (HSA). For your UMB HSA, your estate is the default beneficiary, but may be changed by completing the

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.

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