The Treasury Department and the Internal Revenue Service today released Notice 2008-59, which provides employers and employees with a new set of formal questions and answers on Health Savings Accounts (HSAs).
Notice 2008-59 contains over 40 new frequently asked questions and answers that cover a wide range of topics, including:
* Who is an Eligible Individual;
* Issues related to High Deductible Health Plans;
* Contributions to HSAs;
* Distributions from HSAs; and
* Establishing an HSA.
Treasury says that since HSAs were created as part of the Medicare Prescription Drug, Improvement, and Modernization Act of 2003, Treasury and the IRS have issued a large number of formal guidance items containing questions and answers on HSAs.
A pdf of Notice 2008-59 is available here.
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
