Account Administrator

Sec. 1551.453. ACCOUNT ADMINISTRATOR. (a) The account administrator selected to administer a health savings account established under this subchapter must be a person: (1) qualified to serve as trustee under Section 223(d)(1)(B), Internal Revenue Code of 1986, and the rules adopted under that section; and (2) experienced in administering health savings accounts or other similar trust accounts. (b) An account administrator is the fiduciary of a plan enrollee who has a health savings account established under this subchapter. Added by Acts 2015, 84th Leg., R.S., Ch. 1015 (H.B. 966), Sec. 1, eff. September 1, 2015.