Introduction to Tax-Advantaged Accounts

NFP Corp.

Join our Benefits Compliance team as they review the differences between health savings accounts (HSAs), flexible spending arrangements (FSAs), health reimbursement arrangements (HRAs), and more. Our team goes back to the basics and discusses the most important aspects of each benefit from a high-level perspective. Viewers will learn the differences between each type of account and discover situations where these accounts may work together. 

Agenda 

• Tax-Advantaged Account Basics 
• HSAs 
• HRAs 
• FSAs 
• Key Takeaways and Resources 

Key Takeaways: Employer Considerations 

What are the key takeaways for employers? 

• Tax-advantaged accounts are subject to nondiscrimination rules, so employers offering these need to be aware and perform annual testing 
  • HSA
    • Must not have impermissible coverage 
    • Contributions are pro-rated monthly 
    • Individuals own these accounts 
    • Review changes under OBBBA 
  • HRA
    • Most must be integrated with medical plan 
    • Subject to ACA, COBRA, ERISA rules 
    • Annual amounts and eligibility rules vary by HRA type 
  • FSA
    • “Use it or lose it” accounts 
    • Eligible expenses determined by type of FSA 
    • Dependent care assistance programs (DCAPs) have a unique set of rules; most common account type to fail nondiscrimination testing 
    • Subject to ERISA and COBRA (although limited) 

More Information, How to Register