Health Accounts Illustrated


The IRS has provided guidance on a variety of issues pertaining to health savings accounts (HSAs). The 42 questions and answers of Notice 2008- 59 address such issues as eligibility for individuals with “limited purpose” coverage by a health flexible spending account (FSA) or health reimbursement arrangement (HRA). The guidance also covers eligibility for an HSA when an accompanying high-deductible health plan features both a family, or “umbrella,” deductible and an embedded individual deductible. If a limited-purpose FSA or HRA covers post-deductible expenses above the individual, but below the umbrella, deductible, an individual can still remain eligible for an HSA.

SPONSORED REPORT

Cybersecurity threats proliferating for midsize and smaller businesses

This report details how SMBs can properly protect private information from breaches, design and implement a cybersecurity policy, and create safeguards for training and education.

QUIZ

Test yourself on these often confused words

The spelling checker on your word processing program can do only so much to flag problems. Your best insurance is to learn the troublesome words that trip up writers and use them correctly by the standards of formal, written English.