Who owns an HSA?

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Multiple Choice

Who owns an HSA?

Ownership rests with the individual who has the HSA—the account holder. The employer or plan sponsor may provide or fund the plan and the plan administrator manages the account, but they do not own the funds. An HSA is opened in a person’s name and stays with that person, even if they change jobs or the employer changes. Contributions can come from the individual, the employer, or both, but the money and its tax advantages belong to the account holder.

Ownership rests with the individual who has the HSA—the account holder. The employer or plan sponsor may provide or fund the plan and the plan administrator manages the account, but they do not own the funds. An HSA is opened in a person’s name and stays with that person, even if they change jobs or the employer changes. Contributions can come from the individual, the employer, or both, but the money and its tax advantages belong to the account holder.

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