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US Bank Health Savings Account problem
originally posted: 11/22/2006
reposted: 2/18/2011 This post has not
been recently reviewed or revised by the author and may be out of date.
If in doubt, please send a new question or ask for an update.
Q: US Bank apparently refused my
pre-tax contribution because my account was set up as a “retail
product” as opposed to the Institutional Trust and Custody Health
Savings Solution Account recommended by my employer. Can you point me
in the right direction?
A: U.S. Bank seems have its own
operating procedures that are different than the larger HSA
administrators. You can set up your own HSA account and make pre-tax
contributions with any of the largest national administrators listed at
www.healthsavingsaccount-hsa.com. You do not need the co-operation of
your employer of the funds are your own voluntary contribution.
Summary
More resources:
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