This contract is for health savings account (HSA) services provided by HSA Bank, a division of Webster Bank, N.A., to Bay County, FL. The contract has a term of three years, with automatic renewal for 12-month periods thereafter. HSA Bank will serve as custodian of HSAs established by Bay County for its employees. The contract outlines the terms and conditions for the provision of HSA services, including debit card services, electronic file transmission, and security procedures. Key aspects of the contract include:
• HSA Bank will provide custodial services for HSAs established by Bay County
• Bay County will contribute to HSAs established at HSA Bank
• HSA Bank will provide debit card services to participating employees
• Electronic file transmission and security procedures will be used to protect sensitive information
• The contract has a term of three years, with automatic renewal for 12-month periods thereafter
• HSA Bank may terminate the contract upon 30 days' written notice if Bay County fails to pay administrative fees