Common use of Verification of Eligibility Clause in Contracts

Verification of Eligibility. The Credit Union requires a signed HSA Application at the time of account opening in order to establish eligibility for a Health Savings Account. The Credit Union is not responsible for determining eligibility for a health savings account; it is the sole responsibility of the member/account holder to determine their own eligibility. For Health Savings Accounts the Credit Union requests a beneficiary to be named at the time of opening the account. Your signature on the Account Application authorizes the Credit Union to check your account, employment history, and obtain credit reports from third parties, including credit reporting agencies to verify your eligibility for the accounts and services you request.