Health Savings Account (HSA) Information
If you have a High Deductible Healthcare Plan (HDHP) that is HSA compatible you can open a Health Savings Account (HSA) to go along with that plan. An HSA is a bank/investment account that is funded with pre-tax dollars that are set aside to pay for approved medical related expenses.
iTech Solutions has partnered with UMB Healthcare Services and their UMB Bank product to allow you to have HSA funds automatically withheld from your paycheck and deposited directly into your HSA account. A UMB HSA account provides you a great way to save and invest these HSA funds. UMB Bank also has great online access to your account and maintains a lot of HSA educational material on its website for you to refer to anytime you need.
UMB Bank Account Management and Enrollment
- If you participate in a Health Savings Account (HSA) eligible plan (High Deductible Health Care Plan HDHP) and want to start payroll contributions, please read the Eligible Participant Online Enrollment Letter, and follow the instructions. ONLY ELIGIBLE INDIVIDUALS MAY CONTRIBUTE TO AN HSA.
- Once you open your account please reach the HR department hr@itechsolutions.com and request an HSA Deduction Form.
UMB Bank Web LInks
Additional UMB Information and Links
- HSA FAQs
- What is a Health Savings Account (HSA)
- HSA Qualified Medical Expenses
- Investing in your HSA
- Saving and Spending HSA Dollars
- HSA Fee Schedule
- Transfer Your Current HSA to UMB
- HSA Contributions
- HSA Deduction Authorization
Return Instructions
The UMB Bank enrollment process can be done all online using the HSA Online Enrollment Link and following the instructions in the Eligible Participant Online Enrollment Letter.
