Special Situations
Termination of Employment, Contract Employees, or Retirement
If your employment ends or you retire, your HSA ends on the date of termination/retirement. From this date, you have a normal 60 day run-off period to submit any remaining expenses incurred in the HSA year up to the date of termination/retirement. After your expenses are paid, unused credits will be forfeited back to your employer.
Appeals
An HSA is not part of ASEBP’s group health benefit plans. Although it is a negotiated agreement between an employee group and employer, which is similar to benefits, ASEBP’s role is strictly administrative. Because of this, and the legislative restrictions related to the design of HSAs, it is important to note that there is no provision for appeals or exceptions to be made.
In the Event of Your Death
Your HSA terminates on the date of your death. No further HSA credits will be allocated to you after that date. Your dependents or beneficiaries have a run-off period of 60 days to submit expenses incurred up to the date of death. After that time, any unused credits must be forfeited.
To access HSA forms, click the link below:
If you have any further questions, contact an ASEBP Benefit Specialist. |
