Canopy Financial
Froze my Shawnee Health Savings Account

Today I learned that my $17,000. Health Savings Account is no longer available to cover my medical bills. Six years ago, I thoroughly researched HSA's and found that by moving my HSA funds to Shawnee Bank in Kansas I could make 4.25% on my account. The research showed this to be a FDIC insured and well respected bank. I moved the funds and made the maximum contribution each year (as allowed by IRS).

I was issued a UMB Visa debit card to pay medical expenses, deductibles, Rx, eyeglasses, dentists. Etc. Virtually anything deductible on IRS 1040 Sched A, I could pay for with pre-tax money.

I am a 60 year old grandmother, a merchant in my small town. I have touted the advantages of HSA's to my friends and employees, and even got my insurance agent to use Shawnee. Unknown to me, Shawnee HSA is not a bank at all, but an administrator who used Canopy Financial to manage the account. I had no idea there were so many handlers involved. I thought I was doing business with a division of a bank skilled in HSA management. What a tangled web.

I am furious, humiliated that I don't have the money to pay my doctor. When anyone puts together a class action suit, I'm in.

Company: Canopy Financial
Country: USA
Address: 230 W. Monroe Suite 2330
Site: canopyfi.com

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