2020 Health Savings Accounts Facts

By Whitney Richard Johnson and Whitney Richard Johnson Esq

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 eligibilityContribution limitationsHSA deductionsTax reportingEmployer contributionsComparability testingTesting periods

New in the 2020 Edition:

Coverage of new regulations pertaining to QSEHRAsExplanation of the new Individual Coverage HRAs (ICHRAs)Enhanced coverage of the integration of HSAs with ACA requirementsUpdated tax informationNew ERISA compliance information, including Form 5500 requirementsLitigation updates

Topics Covered:

Health Care Reform's Impact on Health Savings AccountsEligibilityEstablishmentTransfers and RolloversDistributionsTax IssuesEmployer IssuesAnd More See the "Table of Contents" section for a full list of topics

• Format: Paperback
• Language: English
• ISBN: 1949506681
• ISBN13: 9781949506686
• Release Date: March 2020
• Publisher: National Underwriter Company
• Length: 464 Pages