Appropriate for pension consultants and plan sponsors, this reference answers questions about the new type of tax-favored savings vehicle for health expenses known as the health savings account, and clarifies the IRS rules for both employers and employees. The approximately 500 questions and answers are divided into seven chapters on medical coverage and insurance under a high deductible health plan, contributions and deductions from gross income, rollovers, distributions, administration, and compliance. The appendices provide extracts from relevant code sections, sample administrative forms, and a comparison of HSAs, health FSAs, and HRAs. Annotation ©2006 Book News, Inc., Portland, OR (booknews.com)

The Health Savings Account (HSA) Answer Book

Business & Money

Lesser, Gary S.

Keller, Christine L.

Diehl, Susan D.

Human Resources

ASPEN PUB.

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:     Cuts through the hype and current confusion surrounding HSAs   Helps you accurately weigh all their pros and cons   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--    What are the advantages HSAs offer over the other consumer-driven health plans?   When is the deadline for making annual contributions?   When is a mid-year enrollee treated as being HSA eligible for the entire year?   How are rollovers from an HRA and FSA made?   How are the tax-free qualified funding transfers to an HSA from an IRA or Roth IRA treated?   What are the advantages to an employer of allowing employees to contribute to an HSA on a pretax basis through a cafeteria plan?   How does an employer make accelerated HSA contributions?   What happens if an employee fails to establish an HSA?    The Ninth Edition of the Health Savings Account Answer Book has been updated to include:    A new Introduction by William Sweetnam explaining why he thinks the demand for HSAs and HDHPs will continue to be strong.   Discussion of when a provider incentive payment could be treated as coverage making an individual ineligible to contribute to an HSA   An examination of the Obama Administration and Congressional Democrat's health policy since the enactment of the PPACA   Why funding an HSA with pretax contribution through a cafeteria plan may affect ultimate social security benefits   The new rules for reporting the cost of employer-provided health coverage on Form W-2 for 2013   How an employer may be able to fulfill the "pay or play" plan mandate under the ACA by providing an HSA and HDHP for its employees   A discussion of the final regulations issued in February 2013 on "Standards Related to Essential Health Benefits, Actuarial Value, and Accreditation" that was issued by the Department of Health and Human Services (HHS)   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   Discussion of the prohibition on lifetime and annual limits on essential health benefits under an HDHP   Discussion of the objective factors that may indicate that an otherwise personal expense (e.g., gym fees, lactation expenses) is for medical care and thus may be paid from an HSA on a tax-free basis

Health Savings Account (Hsa) Answer Book, Ninth Edition

Lesser

Lesser J.D., Gary S

Sweetnam Jr., William F

Business

Aspen Publishers

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