Product Description

A High Deductible Health Insurance Plan (HDHP) combined with a Health Savings Account (HSA) saves employers significant amounts of money on health insurance premiums. This advantage along with many tax benefits for employees has led to an explosion in the number of Health Savings Accounts. Turn to the new 2017 Health Savings Accounts Facts to obtain vital HSA questions and answers right at your fingertips. This clear concise Q&A resource coversHSA eligibilityContribution limitationsHSA deductionsTax reportingEmployer contributionsComparability testingTesting periodsAnd the 2017 edition of this cutting-edge resource has been fully updated to includeEffect of the DOL Fiduciary rule on Health Savings Accounts including – Are HSAs covered by ERISA – Effect of employer giving investment advice – Are HSA custodians considered to be fiduciaries – Differences between a custodian and trustee – Exceptions for general communications – Exceptions for investment education – Exceptions for custodians offering limited types of accounts – Effect of best interest contract exemption on fiduciaries – Effect of fiduciary rule on health insurance agents – Situations where a custodian is not paid for investment selection – Situations where a custodian offers only one investment choiceEffect of state laws on HSAs including proposed protections of accounts from creditors and bankruptcyChanges in government regulation of HSA accountsEffect of the Affordable Care Act and HHS 2017 Payment parameters Availability of High Deductible Health Plans on state exchanges in 2017Effect of difference in inflation adjustments under Health Saving Account law and the Affordable Care ActChanges in maximum out of pocket expensesChanges in deductible amountsChanges in contribution amountsChanges in travel expenses allowedChanges in long-term care expenses allowedEffect of new laws effecting and delaying the Cadillac TaxNew IRS guidance regarding HSAs for veterans receiving VA coverage of health servicesEffect of state law requirements on definitions of preventative careRules regarding multiple HSAs for spouseEffects of withdrawal of basis or taxable earnings from IRAAbility to use HSAs to pay medical expenses of former dependentsUse of HSAs in situations where the multiple support agreements are involved Deductibility of HSA contributions under state income taxesIRS model language for employers to provide to employees regarding failure to open an HSAEffect of HSA on FAFSA application for student aidIts very difficult to conceive of an HSA question that you wont find the answer to in this book.The product of years of real-world advising 2016 Health Savings Accounts FactsSimplifies Your WorkExplains HSA RulesClarifies HSA IssuesEnables You to Answer Authoritatively and CorrectlySaves You time