Update HSA Balance Information
These steps explain how to update HSA balance information to prevent the account from showing up on the HSA Balance File Transaction Exception Report (LHSALMT).
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Launch Tool #893 Update HSA Balance Information.
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Enter the account number.
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In the Closed Sequence # field, enter '00.'
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Click the forward arrow.
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On the next screen in the Year to View/Change field, enter the year.
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Click the forward arrow.
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In the Annual contribution limit field, review the contribution limit (per HSA type) and update it according to the IRS limit.
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If the annual contribution is correct, review the deposits made on the member's account and update if necessary.
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Click Add/Update.
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Click Add/Update again to confirm.