To be eligible for the HSA, you must be enrolled in a HSA eligible medical plan and cannot have any other medical coverage (including coverage under your spouse's plan) or a regular Flexible Spending Account.
You'll need to indicate your HSA contributions and withdrawals on your tax return—using IRS Form 8889. Citibank will send you two tax forms—a 1099-SA (reports distributions) and a 5498-SA (reports contributions)—which will help you complete Form 8889.
If you terminate employment or are no longer enrolled in the Toys"R"Us Aetna or Kaiser CA medical plan, your HSA account will be moved to an ‘unaffiliated account status’ with Citibank.
You will be responsible for paying the monthly maintenance fee and any transaction fees associated with your HSA while it remains open.
You will receive a letter from Citibank providing more details on this process and information on who to contact with any questions.