Full-Year Contribution for Part-Year Coverage

Posted by in Blog Posts on 17. Apr, 2012 | 0 Comments

The “Tax Relief and Health Care Act of 2006” (P.L. 109-432) provided a gift that will make it easier to enroll more participants in HSAs and high deductible health plans (HDHP) in the last half of the year. Most consultants in the HSA market understand this new provision, which was effective for 2007, but are […]

Misconceptions about FSA Interaction with HSAs

Posted by in Facts and Figures on 17. Apr, 2012 | 0 Comments

Some employers erroneously think that medical expenses not covered under the HDHP may be covered by a FSA below the high deductible without impacting an individual’s eligibility for the HSA.  As you will see below in the review of permissible FSAs, any plan (with a few exceptions) covering expenses below the  high deductible will make […]

2012 Indexed Amounts for Health Savings Accounts

Posted by in Facts and Figures on 17. Apr, 2012 | 0 Comments

Proc. 2011-32 provides the 2012 inflation-adjusted amounts for Health Savings Accounts. Annual Contribution Limits For calendar year 2012, the maximum annual HSA contribution for an eligible individual with self-only coverage is $3,100.For calendar year 2012, the maximum annual HSA contribution for an eligible individual with family coverage is $6,250.    Note:  Under prior law, the maximum […]