Setting Up HSAs

There are several steps you must take to support HSA accounts at your credit union:

1. Obtain the an HSA plan agreement and disclosure statement.
2. Assign users to one of the following pre-defined security groups or you can create your own security groups to access the HSA information tab and dialog boxes.

Permissions	Security Groups
MbrInfo - (Account Info) HSAs - Tab - View Only	Teller - Basic Teller - Advanced Member Services - User
MbrInfo - (Account Info) HSAs - Tab - Maintain	Member Services - User

3. Add a new HSA share type. Portico Customer Service uses the Share Profiles tabs to set up the processing options for HSA share and share draft accounts. Before entering any HSA activity, the credit union must specify what share and or share draft types will be used for HSAs. The HSA Processing check box on the Share Profiles – Account Information tab indicates if the share type is an HSA.
4. Add a new HSA certificate type. Portico Customer Service uses the Certificate Profiles tabs to set up the processing options for HSA certificates. Before entering any HSA activity, the credit union must specify what certificate types will be used for HSAs. The HSA Processing check box on the Certificate Profiles – Account Information tab indicates if the certificate type is an HSA.
5. Define the HSA share type or product code and add it to your Teller Administration transactions. The Transaction Definition window uses IRA master type code MI and IRA process IDs for the Transactions - Deposits, Withdrawals, Payments, Transfers tab (ALD), Transactions – Money Orders tab (ALM), and Transactions – Travelers Checks tab (ALT)
   1. Add an HSA share type or product code using the Product Code Information window.
      1. In the Product Code field, enter your HSA share type or product code.
      2. Click the Master Code down arrow and select MI.
      3. Enter a description of the product code in the From Description and To Description fields. Be sure to use a description that your tellers will easily understand.
      4. Complete the remaining fields as needed and click Save.
   2. When you’ve added an HSA share type or product code on the Product Code Information window, you can add the product code to your transactions on the Transaction Definition window.
      1. Click the Transaction down arrow and select ALD - Cash/Check Disbursal. Then, click the green arrow.
      2. In the From Information columns, click the Product Code down arrow and select your HSA share type or product code.
      3. Click the ID down arrow and select IRS w/d required.
      4. In the To Information columns, click the Product Code down arrow and select your HSA share type or product code.
      5. Click the ID down arrow and select the IRA deposit code required.
      6. Complete steps 2 through 6 for transaction codes ALM and ALT.