Publisher's Synopsis
<p> <i><b>Health Savings Account Answer Book</b></i> answers every HSA question...clarifies every HSA issue...in a format that's quick and easy to use. It tells you virtually everything you have to know to profit from HSAs - from how they work, what they offer participants, and how they can benefit employers to helping you determine how well they will fit your company or clients. </p> <p> In quick-access, Q&A format, the <i><b>Answer Book</b></i><b>: </b> </p> <ul> <li> <b>C</b>uts through the hype and current confusion surrounding HSAs </li> <li> Helps you accurately weigh all their pros and cons </li> <li> Gives you the facts you need to make sound decisions...avoid pitfalls...answer employee challenges...and deal effectively with healthcare vendors </li> </ul> <p> <i><b>Health Savings Account Answer Book</b></i> answers more than 600 key questions on all aspects of HSA establishment, administration, and compliance - including rules and penalties, medical coverage, contributions and deductions, distributions, rollovers and transfers, fiduciaries, filing requirements, and more. For example… </p> <ul> <li> What are the advantages HSAs offer over the other consumer-driven health plans? </li> <li> When is the deadline for making annual contributions? </li> <li> When is a mid-year enrollee treated as being HSA eligible for the entire year? </li> <li> How are rollovers from an HRA and FSA made? </li> <li> How are the tax-free qualified funding transfers to an HSA from an IRA or Roth IRA treated? </li> <li> What are the advantages to an employer of allowing employees to contribute to an HSA on a pretax basis through a cafeteria plan? </li> <li> How does an employer make accelerated HSA contributions? </li> <li> What happens if an employee fails to establish an HSA? </li> </ul> <p> <i><b>Health Savings Account Answer Book, Eighth Edition</b></i>, offers the practitioner in-depth analysis of the full range of issues concerning these plans. Highlights include: </p> <ul> <li> Discussion of the changes made in January 2012 to IRS model Forms 5305-B (trust version) and 5305-C (custodial version) for establishing an HAS </li> <li> Discussion of the prohibition on lifetime and annual limits on essential benefits under an HDHP </li> <li> Discussion of the objective factors that may indicate that an otherwise personal expense (e.g., gym fees) is for medical care and thus may be paid from an HSA on a tax-free basis </li> <li> Discussion of the proposed possible approach to calculating the actuarial value of employer HSA contributions for purposes of the refundable premium tax credit provisions for a group health plan and for employer payments under the shared responsibility provisions when full-time employees of certain large employers receive a premium tax credit </li> <li> Coverage of the HSAcontribution limits for domestic partners </li> <li> Discussion of the rules relating to the “commingling” of HSA assets </li> <li> Discussion of the Federal Reserve’s debit card interchange transaction fee restrictions and prohibitions against payment card network exclusivity arrangements and how the Dodd-Frank Wall Street Reform and Consumer Protection Act applies to debit cards used with HSAs </li> <li> Explanation of the guidance in Notice 2010-59 regarding changes to the rules for reimbursement of expenses for over-the-counter medicine and drugs after 2010 </li> <li> Coverage of the guidance regardingthe 20 percent additional tax on distributions made after 2010 that are not used for qualified medical expenses </li> <li> Explanation of the potentially different tax treatment that may apply to distributions for medical expenses incurred by adult dependents </li> </ul> <p> </p> <p> </p> <p> </p>
