HSA Health Savings Accounts are a form of IRA.  Any rules, fees, etc, that apply to other IRA accounts and share draft accounts also apply to HSA accounts unless you specify otherwise on the individual account.  For this reason we strongly suggest that you open a separate account number for each HSA account (rather than using the member's existing account number.)  This gives you much more flexibility, particularly where fees are concerned.

 As with all IRA accounts on the system the following rules apply:

• Only one I share type per account number is allowed.
• All transactions (including those to attached certificates and share draft accounts) must flow thru the I share type
• History is available in Programs #8, #23, and #27
• To get a list of HSA accounts use Program #49, enter I as the share type and choose H as the IRA type.

OPENING AN HSA Health Savings Account

1. We strongly suggest you open a new account number for your member.  If you choose to use an existing account number it must have no existing I share type.      NOTE:  If you intend to attach a share draft account to this HSA, the account CANNOT have an existing D or P share type.
2. Access the member account and choose Share Deposits
3. Choose Share Type I
4. Choose Transaction Code 436  Open HSA (Health Savings)   This will be a zero dollar transaction that simply opens the share type.

TRANSACTIONS TO AN HSA Health Savings Account

1. Choose the proper transaction type   Share Deposits   or   Share Withdrawal/Fees
2. A list of valid transaction codes for Health Savings accounts will be available

MONTH END FEES

Remember that an HSA is an IRA.  Any month-end fee that is charged to one IRA type will be charged to all, unless the individual member accounts are flagged as exempt in Program #3

1. To charge an automatic month-end maintenance fee
1. Program #47
2. Option B
3. Option K   IRA Account Maintenance Fee
2. To exempt an account from automatic month-end maintenance fee
1. Program #3
2. Tab to Special Account Indicators
3. Page down and highlight #21  Monthly Fee Exemption
4. Change this field to Y

CERTIFICATES

Certificates on HSA accounts are handled the same as with any other IRA account.  

• All transactions (including dividends) are done thru the I share account
• All listings of IRA accounts (Program #36 and Program #49) include the balance in the certificate in the Fair Market Value of the HSA

1. Opening and Depositing to an HSA Certificate
1. Access the account.  There must already be an HSA account opened on this account. Funds to be deposited into the certificate should already have been deposited into the I share type.
2. Go to Share Deposits
3. Enter a valid Certificate Share Type  (A,B,C,W,Z,1,2,3,4,5,6,7,8,9,0)
4. Choose Transaction Code 479  08  Open-HSA-Certificate
5. Press F11 to view the voucher and enter your Teller Password to post the transaction.  (This will open the designated certificate share type with HSA showing in the WTDL column.  This indicates that this certificate is tied to the HSA account.)
6. Press ESC
7. Go to Share Withdrawal/Fees
8. Choose Share Type I
9. Choose transaction code 091  ZW  Certificate-Transfer
10. Enter the amount to be transferred to the certificate
11. Enter the certificate Share Type
12. Press F11 to view the voucher and enter your Teller Password to post the transaction.
2. Withdrawing Funds From an HSA Certificate
1. Go to Share Deposits
2. Choose Share Type I
3. Choose transaction code 146  ZG  Certificate-Transfer
4. Enter the amount to be transferred from the certificate
5. Enter the certificate Share Type
6. Press F11 to view the voucher and enter your Teller Password to post the transaction.
7. The funds are now in the I share type.   From there you can withdraw the funds using the correct transaction code.

SHARE DRAFT ACCOUNTS

   This feature will is not currently active, but will be added.

REPORTING HSA ACCOUNTS TO THE IRS

At this time CSG has not determined any method for reporting HSA accounts via download file and diskette. Transactions and totals will be reported to CSG by the credit union manually.