HSA updates answer some questions, but unlikely to spur account creation
Employee Benefit News, September, 2008 by Robert L. Whiddon
Regulators have been busy the last few months providing clarity around moving IRA funds into health savings accounts, making smaller account contributions for highly paid workers and complying with testing periods. In the end, it's questionable whether these tweaks can stem the spreading belief that - given how complicated it is to manage these accounts - self-administration may not be the best approach.
Pencil-pushers in the Treasury Department and Internal Revenue Service in June issued three notices (2008-51, 52 and 59) relating to HSAs.
John Graham, regional director of compliance research for Segal, is charged with making sure the firm's consultants can communicate the most tongue-twisting and mind-melting regulatory-speak into digestible terms for the average...
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