Health Savings Accounts
Wolters Kluwer Financial Services offers HSA solutions that allow you to focus on growing your business.
HSA Services
HSA Consulting Service
There’s nothing worse than needing a quick answer to an account owner’s question and not having the right resources to find it. Our Consulting Service provides quick and easy access to reliable information from experienced consultants—every business day. These are the same individuals who teach our popular seminars, so they know the HSA rules and regulations, and they know how to explain the internal revenue code and other IRS pronouncements in plain language. So, whether your HSA owner has a quick question, you need help with IRS reporting, or you want clarification on recent regulatory changes, our HSA Consulting Service is always just a phone call away.
Account Recordkeeping Services
Our Account Recordkeeping Services allow you to confidently offer HSAs while outsourcing the back office operations to us. It’s like hiring staff without expenses for training, benefits, or holiday pay. As you experience staff turnover, we will still be there to ensure no interruption to your HSA operations.
Our HSA Recordkeeping Services will assist you in eliminating reporting errors by putting transactions through dozens of electronic compliance checks to help ensure that each transaction is properly recorded.
Next, we check transactions manually. This is where our experience and extra care really make a difference. Our veteran staff goes over each transaction and monitors for items such as excess contributions and age limits. If there’s a discrepancy, you can rest easy knowing we will work diligently to find it.
In addition to the required reports we develop for the government, your account owners, and your organization, we also assist with required minimum distributions and inform you of rule changes. You will also have easy online access to a variety of reports to help you analyze and understand your tax-advantaged account base. You’ll get exactly what you need—when you need it—with no paper waste.
Finally, we offer flexible cutoff dates, so you can choose the best schedule for your organization.
System Security—Confidently use our SAS 70-certified online system, built on the same security technology incorporated into our other trusted solutions.
Information Center—Electronically access compliance and educational information, reducing paper waste and waiting time.
Message Center—Securely exchange confidential information between your financial organization and our knowledgeable staff.
Data Locker—Easily submit and upload account HSA owner and transaction information for processing.
Report Writer—Quickly select from many report options and receive reports securely, eliminating the risk of your HSA owner data being compromised.
Account Owner and Beneficiary Information—Instantly access account owner information, including account summaries, demographics, and much more.
Account Maintenance—Easily input HSA owner and beneficiary information, contribution and earnings information, and make other changes to existing accounts online.
Annual Reports—View annual reports online, such as the IRS Forms 1099 and 5498 series, and save copies of each report to your own system for permanent retention, eliminating the need to find storage space for paper reports.
Miscellaneous Reports—Review your accounts with up-to-date and on-demand reports covering demographics, balances, distributions, and much more.
Compliance Edits—We apply extensive compliance edits to check for such things as eligibility, contribution limits, age limitations, and aggregate limits across multiple accounts.
Technical Consulting—You will have access to our experienced consultants for answers to HSA regulatory or compliance questions.
If interested in more information on our HSA Services or purchasing, please complete our Request More Information Form or use our IRA Document Order Form.
