Health Savings Accounts

New and Updated

• Type:

  Editor's Choice

  Coronavirus (COVID-19): Benefits

  Updated to include information on IRS Notice 2021-46 regarding COBRA subsidies under the ARPA.

• Type:

  Employment Law Manual

  Health Care Benefits: Federal

  Updated to reflect the minimum value percentage and pay or play penalties for 2021; under review in relation to legal developments regarding the Consolidated Appropriations Act, 2021.

• Type:

  Legal Timetable

  CARES Act Expands Qualified Medical Expenses

• Date:

  March 13, 2020

  Type:

  News

  California, Other States and Insurers Eliminate Cost Sharing for Coronavirus Testing

  With the number of coronavirus (or COVID-19) cases steadily rising in the US, states and insurers are trying to alleviate the pressure on citizens by eliminating cost sharing for coronavirus testing.

• Type:

  Legal Timetable

  HSA and HDHP Inflation-Adjusted Amounts to Take Effect for Plan Year 2016

• Type:

  Policies and Documents

  IRS Form 1099-SA, Distributions From an HSA, Archer MSA or Medicare Advantage MSA

  As mandated by the Internal Revenue Service, employers must file Form 1099-SA, Distributions From an HSA, Archer MSA, or Medicare Advantage MSA, to report distributions made from such savings accounts.

• Type:

  Policies and Documents

  IRS 5498-SA Form, HSA, Archer MSA, or Medicare Advantage MSA Information

  As mandated by the Internal Revenue Service, every trustee or custodian of health savings accounts, Archer medical savings accounts (MSAs), or Medicare Advantage MSAs must file Form 5498-SA, HSA, Archer MSA, or Medicare Advantage MSA Information, on an annual basis.

• Type:

  Employment Glossary

  HSA (Health Savings Account)

  Employment glossary definition of HSA (Health Savings Account).