Common use of Rollovers and Transfers Clause in Contracts

Rollovers and Transfers. Your HSA may be rolled over to another HSA of yours, or may receive rollover contributions, provided that all of the applicable rollover rules are followed. Rollover is a term used to describe a tax free movement of cash or other property between any of your HSAs or other tax favored accounts. The rollover rules are generally summarized below. These transactions are often complex. If you have any questions regarding a rollover, please see your tax advisor. Funds distributed from your HSA may be rolled over to another HSA that you own if the requirements of the Code Section 223(f)(5) are met. A proper HSA to HSA rollover is completed if all or part of the distribution is rolled over not later than sixty (60) days after the distribution is received. You may not have completed another HSA to HSA rollover from the distributing HSA during the twelve (12) months preceding the date you received the distribution. Further, you may roll over the same dollars or assets only once every twelve (12) months. Finally, current IRS-published guidance indicates that you may make only one rollover contribution to an HSA during a one (1) year period. Funds distributed from your ▇▇▇▇▇▇ MSA may be rolled over to your HSA. A proper MSA to HSA rollover is completed if all or part of the distribution is rolled over not later than sixty (60) days after the distribution is received. Rollovers from an IRA to an HSA are also permitted subject to the requirements and limitation under the Tax Relief and Health Care Act of 2006 and IRS guidance issued thereunder. At the time you make a proper rollover to an HSA, you must designate to the Custodian, in writing, your election to treat that contribution as a rollover. Once made, the rollover election is irrevocable.

Rollovers and Transfers. Your HSA may be rolled over to another HSA of yours, or may receive rollover contributions, provided that all of the applicable rollover rules are followed. Rollover is a term used to describe a tax free movement of cash or other property between any of your HSAs or other tax favored accounts. The rollover rules are generally summarized below. These transactions are often complex. If you have any questions regarding a rollover, please see your tax advisor. Funds distributed from your HSA may be rolled over to another an HSA that you own of yours if the requirements of the Code Section 223(f)(5) are met. A proper HSA to HSA rollover is completed if all or part of the distribution is rolled over not later than sixty (60) days after the distribution is received. You may not have completed another HSA to HSA rollover from the distributing HSA during the twelve (12) months preceding the date you received the distribution. Further, you may roll over the same dollars or assets only once every twelve (12) months. Finally, current IRS-published guidance indicates that you may make only one rollover contribution to an HSA during a one (1) year period. Funds distributed from your ▇▇▇▇▇▇ MSA may be rolled over to your HSA. A proper MSA to HSA rollover is completed if all or part of the distribution is rolled over not later than sixty (60) days after the distribution is received. Rollovers from an IRA IRA, Health Reimbursement Arrangement (HRA), or a Health Flexible Spending Arrangement (FSA) to an HSA are also permitted subject to the requirements and limitation under the Tax Relief and Health Care Act of 2006 and IRS guidance issued thereunder. At the time you make a proper rollover to an HSA, you must designate to the Custodian, in writing, your election to treat that contribution as a rollover. Once made, the rollover election is irrevocable.

Rollovers and Transfers. Your HSA You may be rolled roll over to another HSA of yours, or may receive rollover contributions, provided that all of the applicable rollover rules are followed. Rollover is a term used to describe a tax free movement of cash or other property between any of your HSAs or other tax favored accounts. The rollover rules are generally summarized below. These transactions are often complex. If you have any questions regarding a rollover, please see your tax advisor. Funds distributed from your HSA may be rolled over to another HSA that you own if the requirements of the Code Section 223(f)(5) are met. A proper HSA to HSA rollover is completed if transfer all or part of your SIMPLE IRA to another SIMPLE IRA. Rollovers from one SIMPLE IRA to another SIMPLE IRA must generally comply with the rollover rules applicable to IRAs. Rollovers from one SIMPLE IRA to another SIMPLE IRA must be completed no later than the 60th day after the day you receive the distribution from your SIMPLE IRA. Effective January 1, 2015, an individual is rolled over not later than sixty (only permitted to make one 60) days after -day rollover per 12-month period between all IRAs owned by the distribution is receivedindividual. This limitation applies on an aggregate basis to all IRAs owned by an individual. You may not roll over or transfer assets from your SIMPLE IRA to another IRA or eligible retirement plan (other than a SIMPLE IRA) until two years have completed another HSA to HSA rollover passed from the distributing HSA during time you first participated in your Employer’s SIMPLE IRA Plan. After the twelve (12two-year period, distributions from a SIMPLE IRA are subject to the same rollover rules applicable to IRAs. Description for specific steps you must follow for transfers from your Fidelity Advisor SIMPLE IRA to occur at “no cost or penalty” to you. You may also elect to have transfers made from your Fidelity Advisor SIMPLE IRA without invoking the “no cost or penalty” feature. If you elect transfers without following the requirements outlined in the Appendix, certain costs and fees may be charged against your SIMPLE IRA account when you transfer some portion, or all, of your SIMPLE IRA balance to another IRA or individual retirement annuity. ■ Your Employer has not selected a DFI. unless you elect NOT to have withholding apply by indicating this on your Distribution Request form. This election will remain in effect on periodic distributions taken from your SIMPLE IRA until revoked by you. You can revoke this election at any time by sending a written request to: If you elect to have withholding apply, either by indicating that you want to have withholding apply, by not indicating that you do not want withholding applied when you request your distribution(s), or by not providing a U.S. residential address, federal income tax will be withheld from your SIMPLE IRA distribution(s) months preceding at the date rate of 10%. Even if you received choose to have federal income tax withheld, you are still responsible for the distributionfull payment of federal income tax, any state or local taxes, and any penalties which may apply to your distribution(s). FurtherWhether or not you elect to have withholding apply, you may roll over be responsible for payment of estimated taxes. You may also incur penalties under the same dollars or assets only once every twelve (12) monthsIRS estimated tax rules if your estimated tax payments are not sufficient. Finally, current IRS-published guidance indicates that you may make only one rollover contribution to an HSA during a one (1) year period. Funds distributed from your ▇▇▇▇▇▇ MSA may be rolled over to your HSA. A proper MSA to HSA rollover is completed if To transfer all or part of the distribution is rolled over not later than sixty (60) days after the distribution is received. Rollovers from an your Fidelity Advisor SIMPLE IRA to an HSA are also permitted subject another financial institution, complete a Transfer of Assets form for the institution to which you wish to transfer. Check with that institution to learn about any additional requirements it may have. To transfer a SIMPLE IRA from another financial institution to a Fidelity Advisor SIMPLE IRA, complete the requirements Fidelity Advisor IRA Transfer form. To request a rollover of all or part of your Fidelity Advisor IRA, complete the Fidelity Advisor IRA One Time and limitation under the Tax Relief and Health Care Act of 2006 and IRS guidance issued thereunder. At the time you make a proper rollover to an HSA, you must designate to the Custodian, in writing, your election to treat that contribution as a rollover. Once made, the rollover election is irrevocablePeriodic Distribution Request form.

Rollovers and Transfers. Your HSA may be rolled over to another HSA of yours, or the TPA may receive rollover contributions, provided that all of the applicable rollover rules and any procedures established by the TPA are followed. Rollover is a term used to describe a tax tax-free movement of cash or other property between any of your HSAs or other tax favored accounts. The rollover rules are generally summarized below. These transactions are often complex. If you have any questions regarding a rollover, please see your tax advisor. Funds distributed from your HSA may be rolled over to another HSA that you own if the requirements of the Code Section 223(f)(5) are met. A proper HSA to HSA rollover is completed if all or part of the distribution is rolled over not later than sixty (60) days after the distribution is received. You may not have completed another HSA to HSA rollover from the distributing HSA during the twelve (12) months preceding the date you received the distribution. Further, you may roll over the same dollars or assets only once every twelve (12) months. Finally, current IRS-published guidance indicates that you may make only one rollover contribution to an HSA during a one (1) year period. Funds distributed from your ▇▇▇▇▇▇ MSA may be rolled over to your HSA. A proper MSA to HSA rollover is completed if all or part of the distribution is rolled over not later than sixty (60) days after the distribution is received. Rollovers from an IRA to an HSA are also permitted subject to the requirements and limitation under the Tax Relief and Health Care Act of 2006 and IRS guidance issued thereunder. At the time you make a proper rollover to an HSA, you must designate in writing to the CustodianTPA, in writinga form provided by the TPA, your election to treat that contribution as a rollover. Once made, the rollover election is irrevocable.