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HSA's contributions and Premium contributions


Guest Devbeth
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Guest Devbeth

I have a client (partnership, but I don't think it makes a difference) who is implementing an HDHP with associated HSA.

They require a $75 per payroll contribution from employees for premium contribution.

They have decided that the cost savings of moving to this plan is significant enough that they are going to deposit the $75/payroll into the employee HSA. There are some employees with dependent coverage who want to put additional monies into their HSA through payroll deduction.

How does the employer handle these deductions in their payroll?

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Hope I understand the question correctly. But the additional monies that the employee elects to be deposited is taken from their pay and deposited into the HSA account, without a taxable event. Is that what you are asking?

Leveena- this respsonse assumes that the employer has a Sec. 125 Plan that includes the HSA contributions. We amended our Sec 125 Plan and deduct the HSA contributions pre-tax and deposit them into the HSA accounts each pay period

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