Establishing an HSA

How do you establish an HSA?

If you are an eligible individual, you can establish an HSA with a qualified HSA trustee or custodian, in much the same way that individuals establish IRAs with qualified IRA trustees or custodians. No permission or authorization from the Internal Revenue Service ("IRS") is necessary. Sterling HSA requires you to complete an application form available on our website (www.sterlinghsa.com).

Can you revoke your HSA custodial agreement?

You may revoke a Sterling Health Services, Inc. ("Sterling HSA") Administrative Services Agreement within a period of seven (7) days after the date upon which you enter into the Agreement. To revoke the Agreement, please write to Sterling HSA at 475 14th Street, Suite 650; Oakland CA 94612. If you mail your notice of revocation, the postmark date (or date of certification or registration, if sent by certified or registered mail) will be deemed the date of delivery and the date of revocation. If you revoke your account in accordance with these time limits, you are entitled to a return of the entire amount deposited to your account without adjustments for any fees, expenses, commissions, or investment gains or losses.