Tag Archives: Health savings accounts (HSAs)

Department of Labor Fiduciary Rule: Employers Should Not Overlook Impact on HSAs

The new Department of Labor rule defining the scope of who is an ERISA fiduciary (see our prior post here) has caused much consternation among investment professionals.  Much of the new rule is focused on reworking the outer fringes of […]

Posted in Fiduciary Issues, Health Plans, Legal Updates | Tagged , , | 2 Comments

New Law Uses Benefits to Pay for Buses and Veterans Health Care

When you were last pondering what creative name Congress will use on its next benefits-related bill (and, really, who does not do that in moments of abject despair, after a few glasses of wine, while bowling from time to time), […]

Posted in Health Care Reform, Health Plans, Legal Updates, On the Lighter Side, Plan Administration and Compliance, Welfare Plans | Tagged , , , | Leave a comment

You Can Do With a Carryover What You Can’t Do with the Grace Period: Have an HSA

Recently, the IRS released a Chief Counsel Advice Memo describing the interaction of the health FSA carryover feature we previously discussed and HSAs.  This memo addresses some of the important questions left open by prior guidance.  However, readers should know […]

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More Post-DOMA Guidance from the IRS – Cafeteria Plans, FSAs and HSAs

Since the Supreme Court ruled section 3 of DOMA unconstitutional in United States v. Windsor, benefits practitioners have been eagerly awaiting IRS guidance as to how the decision impacts employee benefits. On December 16, 2013, the IRS released Notice 2014-1, […]

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Top 5 Unanswered Questions with the $500 FSA Carryover

After having some time to consider the recent IRS guidance on the $500 carryover (sometimes called the “rollover”) for FSAs that we previously wrote about, additional issues keep coming to light.  Here’s a quick list of just some of the […]

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IRS Adopts State of Celebration Rule – If Valid Where Performed, You are Married for Federal Tax Purposes

In Revenue Ruling 2013-17, the Internal Revenue Service provided clear guidance to define “spouse” for all purposes under the Internal Revenue Code. A “spouse” includes a same-sex spouse whose marriage is recognized by the state in which the marriage occurred. […]

Posted in COBRA, Health Plans, Legal Updates, Multi-employer Plans, Plan Administration and Compliance, Qualified Plans, Tax-qualified Retirement Plans, Welfare Plans | Tagged , , , , , , , , , , , , | Leave a comment