Copyright © 2014. UMB Financial Corporation. All Rights Reserved.
UMB is a registered service mark of UMB Financial Corporation.
Funds in an HSA Deposit Account are held at UMB Bank, n.a., Member FDIC.
High-deductible health plans constitute insurance products, which are not offered by UMB Bank, n.a. and are not FDIC-insured.
The UMB Health Savings Account (HSA) is intended to qualify as a HSA as set forth in Internal Revenue Code Section 223. However, the account beneficiary that establishes the HSA is solely responsible for ensuring that he/she satisfies the Health Savings Account eligibility requirements set forth in Section 223. If an individual/employee establishes a HSA and he/she is not otherwise eligible, he/she will be subject to adverse tax consequences. In addition, an employer who makes contributions to an HSA of an ineligible individual may also be subject to adverse tax consequences. We recommend that HSA applicants and/or employers contact qualified tax or legal counsel before establishing a Health Savings Account. Neither UMB Bank n.a., nor its parent, subsidiaries, or affiliates are engaged in rendering tax or legal advice and this document is not intended as tax or legal advice. All mention of taxes is made in reference to federal law. States can choose to follow the federal tax-treatment guidelines for HSAs or establish their own; some states tax HSA contributions. Please check with each state’s tax laws to determine the tax treatment of HSA contributions, or consult your tax advisor. Additional federal and state forms may be required.