Health Savings Accounts (HSAs): Compliance Obligations Under the Internal Revenue Code and ERISA

Lorman Education Services

Are you meeting the requirements for an HSA and reaping the benefits they have to offer?

One of the advantages of participating in a high deductible health plan is the ability to open a Health Savings Account (HSA). Although HSAs have numerous tax advantages, it is easy to inadvertently fail to satisfy the requirements for an HSA and possibly miss out on these benefits. In addition, the often complex employer health care offerings, which may include flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs) can make it difficult to determine when an employee is eligible to participate in an HSA.

This content will help health plan administrators navigate this sometimes treacherous terrain.

Learning Objectives:

• You will be able to identify tax advantages of HSAs.
• You will be able to recognize who may contribute to an HSA, and whether the employer may make contributions.
• You will be able to describe how participation in a flexible spending account (FSA) or health reimbursement arrangement (HSA) can impact HSA eligibility.
• You will be able to discuss the impact of ERISA fiduciary requirements on HSAs.

Faculty: Robert J. Lowe, Partner, Mitchell Silberberg & Knupp LLP

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