State Savings Bank

Who is Responsible for Monitoring HSA Use?

You are responsible for knowing your contributions limits, contribution deadlines and for keeping receipts and records to support the account’s distributions.  State Savings Bank is not responsible for monitoring contribution limits, distributions, account balances, ongoing eligibility of account holders or impending contribution deadlines. The bank will file Report 5498 SA (Contributions Report) and Report 1099 (Distribution Report) with the IRS as required by federal law.

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