About News Locations Associates Careers Contact
Account Access  
Business Banking Consumer Banking Trust & Investments Mortgage
Health Savings Accounts
Who Can Have an HSA
High Deductible Health Plans (HDHPs)
Finding HDHP Coverage
HSA Contributions
Determining Your Contribution
Using Your HSA
Advantages of HSAs
What Happens to My HSA When I Die?
Need More Information about HSAs?
 
Business Banking
Commercial Lending
Deposit Services
Business Credit Cards
Points2U
Business Internet Banking
Remote Deposit
Health Savings Accounts
Other Services
WoodTrust.com > Business Banking > Health Savings Accounts
 
What Happens to an HSA at Death?

If the spouse becomes the owner of the account, the spouse can use it as if it were their own HSA. If unmarried, the account will no longer be treated as an HSA upon death. The account will pass to a beneficiary or become part of the estate (and be subject to any applicable taxes).

WoodTrust Bank’s Health Savings Account offers access to funds in multiple ways – plus earn interest on daily account balances. Unlike employer based flexible spending accounts, Health Savings Accounts allow rollovers of unused funds from year-to-year.

Next: Need More Information about HSAs?
Previous: Advantages of HSAs