Compensation Strategies Group, Ltd.
Nicholas Pension Consultants
Nova 401(k) Associates
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|HSAs to Be Included in Cadillac Tax Calculations, IRS Official Says|
Bloomberg BNA; free registration may be required
Oct. 20, 2015
"When asked whether it might be possible to exclude HSAs from the cost of coverage for purposes of the 40 percent excise tax on higher-cost health plans that takes effect in 2018, Kevin P. Knopf, senior technical reviewer for the Internal Revenue Service's Office of Chief Counsel, Health and Welfare Branch of the Tax Exempt and Government Entities Division, quickly shut down that line of thinking. 'I personally continue to believe that HSA contributions' that are excluded under tax code Section 106 are still going to be included in calculating the cost of coverage for the tax 'for the foreseeable future,' he said[.]"
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