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Form 5305-B Health Savings Trust Account Do not file
(Rev. October 2016) with the Internal
Department of the Treasury (Under section 223(a) of the Internal Revenue Code) Revenue Service
Internal Revenue Service
Name of account owner (grantor) Date of birth of account owner

Address of account owner (Street address, city, state, ZIP code)

Name of trustee Address or principal place of business of trustee

The account owner named above is establishing this health savings account (HSA) exclusively for the purpose of paying or reimbursing qualified
medical expenses of the account owner, his or her spouse, and dependents. The account owner represents that, unless this account is used solely to
make rollover contributions, he or she is eligible to contribute to this HSA; specifically, that he or she: (1) is covered under a high deductible health plan
(HDHP); (2) is not also covered by any other health plan that is not an HDHP (with certain exceptions for plans providing preventive care and limited
types of permitted insurance and permitted coverage); (3) is not enrolled in Medicare; and (4) cannot be claimed as a dependent on another person’s
tax return.

$ dollars in cash is assigned to this trust account.

The account owner and the trustee make the following agreement:
Article I
1. The trustee will accept additional cash contributions for the tax year made by the account owner or on behalf of the account owner (by an
employer, family member, or any other person). No contributions will be accepted by the trustee for any account owner that exceeds the
maximum amount for family coverage plus the catch-up contribution.
2. Contributions for any tax year may be made at any time before the deadline for filing the account owner’s federal income tax return for that year
(without extensions).
3. Rollover contributions from an HSA or an Archer Medical Savings Account (Archer MSA) (unless prohibited under this agreement) need not be in
cash and are not subject to the maximum annual contribution limit set forth in Article II.
4. Qualified HSA distributions from a health flexible spending arrangement or health reimbursement arrangement must be completed in a trustee-
to-trustee transfer and are not subject to the maximum annual contribution limit set forth in Article II.
5. Qualified HSA funding distributions from an individual retirement account must be completed in a trustee-to-trustee transfer and are subject to
the maximum annual contribution limit set forth in Article II.
Article II
1. For calendar year 2011, the maximum annual contribution limit for an account owner with single coverage is $3,050. This amount increases to
$3,100 in 2012. For calendar year 2011, the maximum annual contribution limit for an account owner with family coverage is $6,150. This
amount increases to $6,250 in 2012. These limits are subject to cost-of-living adjustments after 2012.
2. Contributions to Archer MSAs or other HSAs count toward the maximum annual contribution limit to this HSA.
3. For calendar year 2009 and later years, an additional $1,000 catch-up contribution may be made for an account owner who is at least age 55 or
older and not enrolled in Medicare.
4. Contributions in excess of the maximum annual contribution limit are subject to an excise tax. However, the catch-up contributions are not
subject to an excise tax.
Article III
It is the responsibility of the account owner to determine whether contributions to this HSA have exceeded the maximum annual contribution limit
described in Article II. If contributions to this HSA exceed the maximum annual contribution limit, the account owner shall notify the trustee that there
exist excess contributions to the HSA. It is the responsibility of the account owner to request the withdrawal of the excess contribution and any net
income attributable to such excess contribution.
Article IV
The account owner’s interest in the balance in this trust account is nonforfeitable.
Article V
1. No part of the trust funds in this account may be invested in life insurance contracts or in collectibles as defined in section 408(m).
2. The assets of this account may not be commingled with other property except in a common trust fund or common investment fund.
3. Neither the account owner nor the trustee will engage in any prohibited transaction with respect to this account (such as borrowing or pledging
the account or engaging in any other prohibited transaction as defined in section 4975).
Article VI
1. Distributions of funds from this HSA may be made upon the direction of the account owner.
2. Distributions from this HSA that are used exclusively to pay or reimburse qualified medical expenses of the account owner, his or her spouse, or
dependents are tax-free. However, distributions that are not used for qualified medical expenses are included in the account owner’s gross
income and are subject to an additional 20 percent tax on that amount. The additional 20 percent tax does not apply if the distribution is made
after the account owner’s death, disability, or reaching age 65.
3. The trustee is not required to determine whether the distribution is for the payment or reimbursement of qualified medical expenses. Only the
account owner is responsible for substantiating that the distribution is for qualified medical expenses and must maintain records sufficient to
show, if required, that the distribution is tax-free.
Cat. No. 38260U Form 5305-B (Rev. 10-2016)

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Form 5305-B (Rev. 10-2016) Page 2
Article VII
If the account owner dies before the entire interest in the account is distributed, the entire account will be disposed of as follows:
1. If the beneficiary is the account owner’s spouse, the HSA will become the spouse’s HSA as of the date of death.
2. If the beneficiary is not the account owner’s spouse, the HSA will cease to be an HSA as of the date of death. If the beneficiary is the account
owner’s estate, the fair market value of the account as of the date of death is taxable on the account owner’s final return. For other beneficiaries,
the fair market value of the account is taxable to that person in the tax year that includes such date.
Article VIII
1. The account owner agrees to provide the trustee with information necessary for the trustee to prepare any report or return required by the IRS.
2. The trustee agrees to prepare and submit any report or return as prescribed by the IRS.
Article IX
Notwithstanding any other article that may be added or incorporated in this agreement, the provisions of Articles I through VIII and this sentence are
controlling. Any additional article in this agreement that is inconsistent with section 223 or IRS published guidance will be void.
Article X
This agreement will be amended from time to time to comply with the provisions of the Code or IRS published guidance. Other amendments may be
made with the consent of the persons whose signatures appear below.
Article XI
Article XI may be used for any additional provisions. If no other provisions will be added, draw a line through this space. If provisions are added, they
must comply with the requirements of Article IX.

Account owner’s signature Date

Trustee’s signature Date

Witness’ signature
(Use only if signature of account owner or trustee is required to be witnessed.)

What's New persons, each spouse who is eligible to open dependents (as defined in section 152) but
an HSA and wants to contribute to an HSA
Additional Tax Increased. For tax years only to the extent that such amounts are not
must establish his or her own account. An
beginning after December 31, 2010, the compensated for by insurance or otherwise.
employer identification number (EIN) is With certain exceptions, health insurance
additional tax on distributions not used for required for an HSA for which a return is filed premiums are not qualified medical expenses.
qualified medical expenses increases from to report unrelated business taxable income. Trustee. A trustee of an HSA must be a
10% to 20%. An EIN is also required for a common fund bank, an insurance company, a person
created for HSAs.
General Instructions previously approved by the IRS to be a
High Deductible Health Plan (HDHP). For trustee of an individual retirement account
Section references are to the Internal Revenue calendar year 2011, an HDHP for self-only (IRA) or Archer MSA, or any other person
Code. coverage has a minimum annual deductible of approved by the IRS.
Purpose of Form $1,200 and an annual out-of-pocket
maximum (deductibles, co-payments and Specific Instructions
Form 5305-B is a model trust account other amounts, but not premiums) of $5,950. Article XI. Article XI and any that follow it may
agreement that has been approved by the In 2012, the $1,200 minimum annual incorporate additional provisions that are
IRS. An HSA is established after the form is deductible remains the same and the annual agreed to by the account owner and trustee.
fully executed by both the account owner and out-of-pocket maximum increases to $6,050. The additional provisions may include, for
the trustee. The form can be completed at any For calendar year 2011, an HDHP for family example, definitions, restrictions on rollover
time during the tax year. This account must coverage has a minimum annual deductible contributions from HSAs or Archer MSAs
be created in the United States for the of $2,400 and an annual out-of-pocket (requiring a rollover not later than 60 days
exclusive benefit of the account owner. maximum of $11,900. In 2012, the $2,400 after receipt of a distribution and limited to
Do not file Form 5305-B with the IRS. minimum annual deductible remains the same one rollover during a one-year period),
Instead, keep it with your records. For more and the annual out-of-pocket maximum investment powers, voting rights, exculpatory
information on HSAs, see Notice 2004-2, increases to $12,100. These limits are subject provisions, amendment and termination,
2004-2 I.R.B. 269, Notice 2004-50, 2004-33 to cost-of-living adjustments after 2012. removal of trustee, trustee’s fees, state law
I.R.B. 196, Pub. 969, Health Savings Self-only coverage and family coverage requirements, treatment of excess
Accounts and Other Tax-Favored Health under an HDHP. Family coverage means contributions, distribution procedures
Plans, and other IRS published guidance. coverage that is not self-only coverage. (including frequency or minimum dollar
Definitions Qualified medical expenses. Qualified amount), use of debit, credit, or stored-value
Identifying Number. The account owner’s medical expenses are amounts paid for cards, return of mistaken distributions, and
social security number will serve as the medical care as defined in section 213(d) for descriptions of prohibited transactions. Attach
identification number of this HSA. For married the account owner, his or her spouse, or additional pages if necessary.

Form 5305-B (Rev. 10-2016)

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