HSA Guide
What is an HSA Custodian? Importance and Role Explained
Published August 4, 2024
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Get the appShort answer: Yes—an HSA custodian is often a bank or specialized financial services provider that securely manages the funds within a Health Savings Account for future medical expenses.
Role of an HSA custodian
An HSA custodian is often a bank or a specialized financial services provider that plays a pivotal role in managing the funds within a Health Savings Account. By acting as a secure repository for your savings, they ensure your money is safely set aside for future medical expenses.