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When is an HSA considered established by the IRS?

State trust law determines when an HSA is “established.” The usual definition for trusts is that accounts are typically established when they are funded (first contribution has posted to the account).

What makes Liberty a good choice to recommend to our clients?

The biggest benefit to working with Liberty is that we offer big bank technology but supported by hometown customer service:

  • Technology: dedicated employer portal; ability to automate contributions and pre-date contributions, multiple administrators ability, calculators, direct deposit capability, auto sweep out of named accounts for withdrawals, etc.
  • Customer Service: Sunset Policy-every call is acknowledged and responded to by end of day, or at the very latest, the next morning. Mistakes will be made, however, how that mistake is taken care of and the follow up with your team will be our differentiator.