Publisher's Synopsis
Health Savings Accounts (HSAs) have become an increasingly important component in compensation planning strategies for employers, employees, and self-employed individuals. With investment, tax, and medical cost savings advantages, HSAs can be employed to solve a variety of unique planning goals.
However, the long-time horizons and incredible flexibility of HSAs bring with them significant complexity and can present substantial penalties and tax liability if they are used incorrectly. The 2020 edition of Health Savings Accounts Facts helps readers understand the ins-and-outs of HSAs, along with related tools like FSAs and HRAs (including QSEHRAs and individual coverage HRAs).
Written for employee benefits professionals, third-party administrators, or anyone who needs a comprehensive understanding of how HSAs can be used in today's healthcare environment, this resource saves professionals significant time searching numerous references for hard-to-find answers, because it puts vital and valuable information all in one place, covering:
- Written for HSA eligibility
- Contribution limitations
- HSA deductions
- Tax reporting
- Employer contributions
- Comparability testing
- Testing periods
New in the 2020 Edition:
- Coverage of new regulations pertaining to QSEHRAs
- Explanation of the new Individual Coverage HRAs (ICHRAs)
- Enhanced coverage of the integration of HSAs with ACA requirements
- Updated tax information
- New ERISA compliance information, including Form 5500 requirements
- Litigation updates
Topics Covered:
- Health Care Reform's Impact on Health Savings Accounts
- Eligibility
- Establishment
- Transfers and Rollovers
- Distributions
- Tax Issues
- Employer Issues
- And More! See the "Table of Contents" section for a full list of topics
