Health Savings Account Answer Book Book

• Overview of HSAs: HSA/HDHP Providers; Other Defined Contribution Health Care; Arrangements; Regulation; Advantages and Disadvantages; Future of HSAs
• General HSA Rules: In General; Eligible Individual for Establishing a HSA; Qualified Medical Expenses; Dependents; Advantages and Disadvantages of HSAs; HSA Adoption Statistics
• Medical Coverage and Insurance: HDHP Requirements; Plan Deductible; Limitation on Benefits; Family Coverage vs. Self-Only Coverage; Other Health Plan Coverage; Miscellaneous Issues
• Contributions and Deductions: Making HSA Contributions; Eligibility for HSA Contributions; Other Employee Health Plans; Cafeteria Plan Grace Period Rules; Eligibility Issues Regarding HSA and Health FSAs; Transitional Relief; Contribution Limitations; Catch-Up Contributions; Computing Annual Contributions; Special Computation Rules for Married Individuals; Deductions for Individual Contributions; Employer Contributions in General; Employer Responsibility; Exclusion and Deductibility of Employer Contributions; Timing of Contributions; Excess Contributions; Rollovers and Direct Transfers; Employer Contributions and ERISA; Comparability of Employer Contributions; Comparability Testing; Employees for Comparability Testing; Coverage Requirements Under HDHPs; Comparability and Management Employees; Comparability and Former Employees; Comparability Relating to Archer MSAs; Categories of Coverage Relating to Comparability; Testing Period for Comparability; The Excise Tax and Comparability; Special Issues Relating to Comparability; Comparable Contributions; The Comparability Rules in Relation to Full-Time and Part-Time Employees; Funding Comparable Contributions; Pre-funding Employer Contributions; Impact on Orion; Impact on Angelina; Contribution Method Consistency; Computing Contributions; Conditions for Receiving Contributions; Employer Reversions; Comparability Exceptions for Cafeteria Plans; Tax Treatment of Contributions; IRS Reporting by Individuals; Partnership Considerations; S Corporation Considerations
• HSA Rollovers and Transfers: General Rules; Inherited HSAs; HSA Transfers; Transfer Incident to Divorce; Other Issues
• Distributions: Taxation of HSA Distributions; Restrictions on Distributions; Medical Care Paid from an HSA; Medicine and Drugs; Distributions Used for Long-Term Care Premiums; Deemed Distribution Due to Prohibited Transactions; The 10 Percent Additional Tax; Returning Distributions Mistakenly Made; Death Distributions to Designated Beneficiaries; Income Tax Withholding on HSA Distributions
• Administration and Compliance: HSA Documents; Permissible Investments; Account Fees; Trustees and Custodians; Reports; Form Filing Requirements
• Federal and State Laws Affecting HSAs: ERISA; HIPAA Privacy; Medicare Part D; State Benefit Mandates; State Tax Consequences; Davis Bacon Act; USA Patriot Act; Securities Law; Use of Electronic Media