HSA News

Most Recent HSA Compliance Points

07/04/2008 - IRS Answers More HSA Questions In Notice 2008-59

In this latest release (Notice 2008-59), the IRS answers questions regarding eligibility, high-deductible health plans, HSA contributions and distributions, prohibited transactions, and HSA establishment and administration.

06/10/2008 - IRS Releases HSA Guidance

Recent IRS guidance implements rules enacted by the 2006 HOPE Act and specifically address issues related to qualified HSA funding distributions from IRAs (Notice 2008-51) and HSA annual contribution limits (Notice 2008-52).

We are currently assessing the impact on our products.

05/19/2008 - IRS releases HSA COLAs for 2009

For Health Savings Account (HSA) eligibility, health insurance plans must have deductibles that meet minimums specified by the IRS and annual out-of-pocket expense limits that do not exceed IRS-specified amounts. Regular HSA contributions cannot exceed an individual's annual limit. Each of these values is subject to cost-of-living adjustments (COLAs). IRS Revenue Procedure 2008-29 provides the 2009 inflation adjusted amounts (COLAs) for HSAs.

Most Recent HSA Compliance Articles

01/24/2008	Connection between HSAs and other health care cost control accounts
12/19/2007	Regulatory and legislative changes are planned for 2008
10/12/2007	Variables affect HSA contribution limit determination

Most Recent HSA Question

Question:

If an employer contributes to the HSA of an employee who ceases to be an eligible individual during a year, can the employer recoup amounts that the employer contributed after the employee ceased to be an eligible individual?

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