Health Savings Account

Tax

Limits of Health Savings Accounts to Increase in 2014

For calendar year 2014, the annual limitation on deductions under ยง223(b)(2)(A) of the Internal Revenue Code for an individual with self-only coverage under a high-deductible health plan is $3,300, up from $3,250 in 2013.
Tax

2013 Health Care Reform Checklist

The following checklist is intended to provide a list of common steps that plan sponsors should consider in preparing for compliance with health care reform for 2013 and later years.
Tax

NYSSCPA Briefing on the Affordable Care Act

Two months after the Supreme Court decision that found the Affordable Care Act constitutional, compliance deadlines for the complex tax provisions that support the individual mandate are approaching rapidly.
Tax

IRS Prescribes Rules for Health Care FSAs

A new IRS ruling provides guidance on a pending limit for FSAs. Beginning in 2013, the amount that a participating employee can contribute to an FSA for health care expenses is limited to $2,500.
Practice

IRS Raises Limits for HSAs and HDHPs for 2013

In IRS Revenue Procedure 2012-26, the IRS has announced the new inflation-adjusted increases for Health Savings Account (HSA) contributions and high-deductible health plan (HDHP) deductibles. These amounts apply to the 2013 calendar year.

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