The health savings account has already proven to be a relatively flexible account-based benefit in its ability to be layered with other products and double as a retirement vehicle. Now the product can add another feather to its hat. Owners of individual retirement accounts who are enrolled in a high-deductible health plan can shift IRA funds into a HSA, without facing a tax penalty.
Legislators and federal agencies plan to concentrate their efforts on addressing excessive 401(k) fees, and employers can expect to see new guidance on several retirement-related topics soon.
The Internal Revenue Service recently released the maximum contribution levels for health savings accounts and out-of-pocket spending limits for high deductible health plans connected to HSAs.
Millions of workers are suffering from pain at the pump. So what's an employer to do? Some say it's not an employer's responsibility, other say it is. Listen in this Friday (June 20 at 1:00 p.m. EST) as we wrestle with the issue in another installment of our occasional discussion series, "The Friday Fray."
In an ever-increasing regulatory landscape, SAS 70 audits can result in excessive fees and wasteful man-hours for your organization, but it doesn't have to be that way.
As they teach in law school, bad facts make bad law. The recent Supreme Court case, LaRue v. DeWolff, Boberg & Associates Inc., helps to illustrate this point.
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