Monday, 22 December 2008
For all the companies out there trying to determine the exact rules of how much an employer may contribute toward Health Savings Accounts, and how to avoid violating non-discrimination rules, the IRS released this advice today:
http://www.treas.gov/press/releases/hp1056.htm
Employer matching contributions to the HSA through a cafeteria plan are not subject to the comparability rules, but cafeteria plan nondiscrimination rules apply. Contributions cannot be greater for higher paid employees than they are for lower paid employees, but contributions that favor lower paid employees are OK.
Thursday, 11 December 2008
Companies are looking for creative ways to cut costs in light of skyrocketing health care expenses.
American Business Bank is one of my clients who offers a high-deductible health plan, with a Health Savings Account, alongside traditional plans. Since most employees selected that plan, the bank actually reduced their expenses this year, whereas most companies are having significant increases.
CNBC interviewed Kelly Moore while we were enrolling these plans last week. Check out the video by clicking this link:
http://rs6.net/tn.jsp?e=0019C4O5USEFgNcxIriCt4ZwzBE9RQarenauhHtRaEqBiTl60t2YQqeWhOJydBU-5f9YE7XNFHL73x0K7amqcid3fyY1RfNkwmVn5bFrK-bj1568Iuh66KSWoQpnyfyp-NyeAbh8YRfoFDFbqyh0o8ldw==
Isn’t that great! Let me know if you have any questions, or need information.
