Guest Lee Burns Posted December 2, 2003 Report Share Posted December 2, 2003 ICMA-RC has a Retirement Health Savings Plan that allows deposits while employed and withdrawals when retired, tax-free, for medical expenses. Sounds great except pre-tax contributions are irrevocable once elected. I am reluctant to commit any amount that cannot be changed over future years of employment. The plan is based on Treasury Regulation sec. 301.7701-3(a)(3) and a Private Letter ruling. Why is this election irrevocable instead of adjustable like a cafeteria plan? Anyone have any experience with this type plan? Link to comment Share on other sites More sharing options...
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