Session Description:  HSA Participation Contribution

At first glance, HSA eligibility and contribution rules seem pretty straightforward – you must have a qualified High Deductible Health Plan to participate, and the amount you can contribute depends on whether you have single or family coverage. But it’s a little more complicated than that. There are all sorts of scenarios that confuse brokers and create questions among their clients. For instance:

• There’s a new rule allowing parents to cover their adult children on their health plan. Can they use HSA money to pay for their child’s expenses? What if the child is not a tax dependent?
• If an employee has single coverage beginning in February and adds her spouse to her plan in June, how much can she contribute for the year?
• What’s a testing period? Can it be explained in a way that employees will understand?
• If an employee is enrolled in Medicare but his wife is under 65 and covered on his group plan, how do the contributions work?
• Can I roll money from my IRA into an HSA? What are the rules and consequences?
• What about rolling money from and FSA or HRA to an HSA? Can I do that? Should I?
• What are the rules regarding employer contributions to an HSA?
• What if I make a mistake, like contributing too much or withdrawing money by accident – can that be fixed?

This course will address all these questions and many others. The purpose is to provide attendees with a  complete understanding of the rules and regulations relating to HSA participation and contribution.