Health Savings Account Answer Book 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.
In quick-access, Q&A format, the Answer Book:
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Cuts through the hype and current confusion surrounding HSAs
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Helps you accurately weigh all their pros and cons
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Gives you the facts you need to make sound decisions...avoid pitfalls...answer
employee challenges...and deal effectively with healthcare vendors
Health Savings Account Answer Book 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…
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What are the advantages HSAs offer over the other consumer-driven health plans?
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When is the deadline for making annual contributions?
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When is a mid-year enrollee treated as being HSA eligible for the entire year?
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How are rollovers from an HRA and FSA made?
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How are the tax-free qualified funding transfers to an HSA from an IRA or Roth
IRA treated?
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What are the advantages to an employer of allowing employees to contribute to
an HSA on a pretax basis through a cafeteria plan?
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How does an employer make accelerated HSA contributions?
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What happens if an employee fails to establish an HSA?
Health Savings Account Answer Book, Eighth Edition, offers the
practitioner in-depth analysis of the full range of issues concerning these
plans. Highlights include:
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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
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Discussion of the prohibition on lifetime and annual limits on essential
benefits under an HDHP
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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
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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
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Coverage of the HSAcontribution limits for domestic partners
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Discussion of the rules relating to the “commingling” of HSA assets
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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
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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
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Coverage of the guidance regardingthe 20 percent additional tax on
distributions made after 2010 that are not used for qualified medical expenses
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Explanation of the potentially different tax treatment that may apply to
distributions for medical expenses incurred by adult dependents
View the Highlights for this title.
Automatic Supplementation
