AN EMPLOYER’S GUIDE TO HEALTH SAVINGS ACCOUNTS (HSAs) 2018

May 14, 2018

Introduction to the Guide

The following provides you, as an employer, with information about Health Savings Accounts (“HSAs”) under Internal Revenue Code (“Code”) Section 223. You should read this explanation to evaluate whether HSAs may be used either as an alternative to, or in addition to, health flexible spending accounts (“Health FSAs”) under Code Section 125 or Health Reimbursement Arrangements (“HRAs”) under Code Section 105(h).

To fully understand the requirements of these accounts, the following discusses their terms and compares their advantages and disadvantages over Health FSAs and HRAs in a question and answer format. In addition, a chart comparing both Health FSAs and HRAs with HSAs is included at the end of this explanation.

It is important to remember that this explanation is not intended to serve as a substitute for the advice of your lawyer, accountant, or other personal tax or financial advisor.

Click Here To Download The HSA Employee Guide 2018

AN EMPLOYER’S GUIDE TO HEALTH SAVINGS ACCOUNTS (HSAs)

May 7, 2015

Introduction to the Guide
The following provides you, as an employer, with information about Health Savings Accounts (“HSAs”) under Internal Revenue Code (“Code”) Section 223. You should read this explanation to evaluate whether HSAs may be used either as an alternative to, or in addition to, health flexible spending accounts (“Health FSAs”) under Code Section 125 or Health Reimbursement Arrangements (“HRAs”) under Code Section 105(h).

To fully understand the requirements of these accounts, the following discusses their terms and compares their advantages and disadvantages over Health FSAs and HRAs in a question and answer format. In addition, a chart comparing both Health FSAs and HRAs with HSAs is included at the end of this explanation.

It is important to remember that this explanation is not intended to serve as a substitute for the advice of your lawyer, accountant, or other personal tax or financial advisor.

Get the guide by clicking here…

EXPLANATION OF HOW TO COMPLETE PART I OF FORM 8889 FOR 2014

November 29, 2014

Introduction
Every year, I receive a number of questions regarding how to complete Part I of Form 8889. The reason for this is that the instructions provided by the Internal Revenue Service for completing Form 8889 are very complex and unclear. To assist, the following explanation shows how to complete Form 8889 in 25 different situations for 2014.
This explanation is for example purposes only. Individuals should be advised to seek professional tax assistance in the completion of Form 8889 or any other tax return.

DOWNLOAD THE DOCUMENT BY CLICKING HERE.

AN EMPLOYER’S GUIDE TO HEALTH SAVINGS ACCOUNTS (HSAs)

May 9, 2014

Introduction to the Guide
The following provides you, as an employer, with information about Health Savings Accounts (“HSAs”) under Internal Revenue Code (“Code”) Section 223. You should read this explanation to evaluate whether HSAs may be used either as an alternative to, or in addition to, health flexible spending accounts (“Health FSAs”) under Code Section 125 or Health Reimbursement Arrangements (“HRAs”) under Code Section 105(h).

To fully understand the requirements of these accounts, the following discusses their terms and compares their advantages and disadvantages over Health FSAs and HRAs in a question and answer format. In addition, a chart comparing both Health FSAs and HRAs with HSAs is included at the end of this explanation.

It is important to remember that this explanation is not intended to serve as a substitute for the advice of your lawyer, accountant, or other personal tax or financial advisor.

Click Here for the full document…

AN EMPLOYER’S GUIDE TO HEALTH SAVINGS ACCOUNTS (HSAs)

May 13, 2013

The following provides you, as an employer, with information about Health Savings
Accounts (“HSAs”) under Internal Revenue Code (“Code”) Section 223. You should
read this explanation to evaluate whether HSAs may be used either as an alternative to,
or in addition to, health flexible spending accounts (“Health FSAs”) under Code Section
125 or Health Reimbursement Arrangements (“HRAs”) under Code Section 105(h).

Download the Guide here…

INSTRUCTIONS HOW TO COMPLETE PART I OF FORM 8889 FOR 2012

October 14, 2012

Every year, I receive a number of questions regarding how to complete Part I of Form 8889. The reason for this is that the instructions provided by the Internal Revenue Service for completing Form 8889 are very complex and unclear. To assist, the following shows how to complete Form 8889 in 25 different situations for 2012.
The discussion below is for example purposes only. Individuals should be advised to seek professional tax assistance in the completion of Form 8889 or any other tax return.

Download the Doc HERE…

AN EMPLOYER’S GUIDE TO HEALTH SAVINGS ACCOUNTS (HSAs)

May 14, 2012

Introduction to the Guide
The following provides you, as an employer, with information about Health Savings Accounts (“HSAs”) under Internal Revenue Code (“Code”) Section 223. You should read this explanation to evaluate whether HSAs may be used either as an alternative to, or in addition to, health flexible spending accounts (“Health FSAs”) under Code Section 125 or Health Reimbursement Arrangements (“HRAs”) under Code Section 105(h).
To fully understand the requirements of these accounts, the following discusses their terms and compares their advantages and disadvantages over Health FSAs and HRAs in a question and answer format. In addition, a chart comparing both Health FSAs and HRAs with HSAs is included at the end of this explanation.
It is important to remember that this explanation is not intended to serve as a substitute for the advice of your lawyer, accountant, or other personal tax or financial advisor.

Click Here To Download The PDF HERE…

INSTRUCTIONS HOW TO COMPLETE PART I OF FORM 8889 FOR 2011

November 27, 2011

Introduction
Every year, I receive a number of questions regarding how to complete Part I of Form 8889. The reason for this is that the instructions provided by the Internal Revenue Service for completing Form 8889 are very complex and unclear. To assist, the following shows how to complete Form 8889 in 27 different situations for 2011.
The discussion below is for example purposes only. Individuals should be advised to seek professional tax assistance in the completion of Form 8889 or any other tax return.

Download the pdf HERE.

AN EMPLOYER’S GUIDE TO HEALTH SAVINGS ACCOUNTS (HSAs) Updated May 2011

May 23, 2011

The following provides you, as an employer, with information about Health Savings Accounts (“HSAs”) under Internal Revenue Code (“Code”) Section 223. You should read this explanation to evaluate whether HSAs may be used either as an alternative to, or in addition to, health flexible spending accounts (“Health FSAs”) under Code Section 125 or Health Reimbursement Arrangements (“HRAs”) under Code Section 105(h).

To fully understand the requirements of these new accounts, the following discusses their terms and compares their advantages and disadvantages over Health FSAs and HRAs in a question and answer format. In addition, a chart comparing both Health FSAs and HRAs with HSAs is included at the end of this explanation.

It is important to remember that this explanation is not intended to serve as a substitute for the advice of your lawyer, accountant, or other personal tax or financial advisor.

Click Here to Download the whole Document…

INSTRUCTIONS HOW TO COMPLETE PART I OF FORM 8889 FOR 2010

January 7, 2011

Every year, I receive a number of questions regarding how to complete Part I of Form 8889. The reason for this is that the instructions to Form 8889 are very complex and unclear. To assist, the following shows how to complete Form 8889 in 27 different situations for 2010. I have added four (4) situations this year. They are provided at the end as situations XXIV, XXV, XXVI and XXVII.
The discussion below is for example purposes only. Individuals should be advised to seek professional tax assistance in the completion of Form 8889 or any other tax return.

Click here to download the PDF file.

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