HSA Re-Reg Flashcards
Inheriting an HSA as a spouse options
Transfer to a new HSA or Transfer to an existing HSA
What must be submitted for a spouse to transfer decedent’s HSA to a new HSA?
HSA application or open HSA online, copy of the death certificate, and a State inheritance tax waive form if required.
What must be submitted for a spouse to transfer decedent’s HSA to an existing HSA?
Copy of the death certificate, LOI indicating how to distribute the account (TS associates can also accept funding account instructions by phone from verified spouse beneficiary), state inheritance tax waiver form if required.
What are the options for a non-spouse inheriting a decedent’s HSA?
Can not hold assets in an inherited HSA. Required to take a full distribution via check or journaled to a non-retirement account.
What paperwork must a non-spouse submit when inheriting a decedent’s HSA?
Non-Spouse Individual Beneficiary Distribution - Fidelity HSA form, copy of death certificate, and a state inheritance tax waiver form if required.
What paperwork must be submitted when an estate (non-probated) is inheriting a decedent’s HSA?
The legal representative submits either the Non-Spouse Individual Beneficiary Distribution - Fidelity HSA form or the Estate, Trust, Individual with a Guardian/Conservator, or an Entity Beneficiary Distribution - Fidelity HSA form, a SEA or alternative court document, copy of the death certificate, and a state inheritance tax waiver form, if required.
What paperwork must be submitted when an estate (probated) is inheriting a decedent’s HSA?
The legal representative submits an Estate, Trust, Individual with a Guardian/Conservator, or an Entity Beneficiary Distribution - Fidelity HSA form, copy of death certificate, SEA or alternative document, state inheritance tax waiver form, if required, and TIN for the estate.
