Folks, there seems to be some confusion on the HSA comparable rules and section 125. I read on this blog frequently where a question is posed that the employer made a mistake in funding for the employer contribution for employees and the comments are narrow. Focusing on the limited options in the HSA comparable rules. [...]
A QUESTION from a broker: I need your assistance. One of my clients (who uses a bank to handle the employee HSAs) just determined that several employees have contributed over the maximum for2011. I have done some research and found that most banks will allow the individuals to complete an “Excess Contribution Form” and withdraw the money [...]
http://www.dol.gov/ebsa/5500main.html
Guidance on how to apply the cap for plan years that start in 2012 and end in 2013 (i.e., February 1 to January 31) is unclear. To date, the Treasury/IRS has not commented so there are many questions still unanswered. There are two possible scenarios available. At eflex, we are leaning toward option 2. 1. [...]
From the KT Health and Welfare Team: The term, “essential health benefits,” is well, essential, to employers and insurers as we approach 2014. For employers, lifetime and annual limits are prohibited for any benefit that is an “essential health benefit.” Further, if an employer plan does not offer “minimum essential coverage” the employer will need [...]
ConsumerDrivenMarketReport UPDATE Members in CDH plans are better consumers and the gap with other members is getting bigger, EBRI finds in its latest analysis. However, 70% of Americans with a high deductible either don’t have an account or have plans that are too skimpy to qualify as HSA-eligible. On a dozen or so metrics CDH members are typically [...]
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