-
Health Savings Account (HSA) Contribution Rules (Part 2)
Posted on: June 25, 2015Categories: HR & ComplianceMany employers offer high deductible health plans (HDHPs) to control premium costs and pair this coverage with health savings accounts (HSAs) to help employees with their health care expenses. An HSA is a tax-favored trust or account that can be contributed to by, or on behalf of, an eligible individual for the purpose of paying qualified medical expenses. For example, individuals can use their HSAs to pay for expenses covered under their HDHPs until their deductibles have been met, or they can ...
-
Health Savings Account (HSA) Contribution Rules (Part 1)
Posted on: June 23, 2015Categories: HR & ComplianceMany employers offer high deductible health plans (HDHPs) to control premium costs and pair this coverage with health savings accounts (HSAs) to help employees with their health care expenses. An HSA is a tax-favored trust or account that can be contributed to by, or on behalf of, an eligible individual for the purpose of paying qualified medical expenses. For example, individuals can use their HSAs to pay for expenses covered under their HDHPs until their deductibles have been met, or they can ...
-
June 2015 Health Care Reform
Posted on: June 22, 2015Categories: HR & ComplianceThe Affordable Care Act (ACA) requires health insurance issuers and sponsors of self-insured health plans to pay Patient-Centered Outcomes Research Institute fees (PCORI fees). The fees are reported and paid annually using IRS Form 720 (Quarterly Federal Excise Tax Return). PCORI fees will be due by July 31, 2015, for plan years ending in 2014. IRS instructions for filing form 720, which were revised in January 2015, include information on reporting and paying the PCORI fees. Overview of the P ...