Common use of Beneficiary Issues Clause in Contracts

Beneficiary Issues. If you die and your beneficiary is your spouse, your HSA shall become your spouse’s HSA as of the date of your death. If your beneficiary is not your spouse, the value of your HSA on your date of death will be taxable to your beneficiary in the year you die.

Appears in 2 contracts

Sources: Health Savings Account Custodial Agreement, Health Savings Account Custodial Agreement