National Headlines

Weekly HSA News – February 21, 2022 | by Roy Ramthun

HSA Compliance Corner
LDI Tells Louisiana Insurers and HMOs to Warn Insureds About Potential Tax Consequences From Pharmacy Discount Cards and Coupons
The Louisiana Department of Insurance advised health insurers and health maintenance organizations to notify insureds enrolled in high-deductible health plans with a health savings account that they may face unintended tax consequences from the use of certain third-party payments, such as pharmacy discount cards as a result of a recently enacted Louisiana insurance statute.   Read MoreSOURCE:
Partners Can’t Participate in a Firm’s HSA Program? Not Exactly True!
Partnerships, LLCs, and Subchapter S corporations can make employer contributions into their employees’ HSAs. But the owners of the same company can’t receive a tax-free contribution from the company. Instead, any money that the business contributes to their accounts is taxable income to them. These owners can still take advantage of HSAs–they just must do so differently than their employees.   Read More 




Categories: National Headlines