Spouse tip: If you have a spouse who is participating in (i.e., receiving contributions to) an HSA, your enrollment in an HRA will negatively impact their HSA eligibility. The IRS has rules against ...
However, you can’t contribute toward your HRA. Only your employer – the owner of the plan – can make contributions. And employers set contribution limits. Portability Your HSA belongs to you.
With FSAs and the HRA, cards may only be swiped to spend funds for the current plan year. For example, if you had an FSA in 2022 and another in 2023 and used the card within the prior year's runout ...
The first Trump administration allowed people to use HRA funds to cover premiums for plans purchased on the individual market. This was one of the few Trump-era health regulations the Biden ...
Through Field Assistance Bulletin 2021-03 (FASB 2021-03), the Department of Labor (DOL) announced a temporary enforcement policy for the new fee disclosure requirements that apply to group health ...
In Retirement Daily’s latest Ask Bob, our expert notes that Health Savings Accounts and Health Reimbursement Accounts are both tax-advantaged health savings plans, but they have different ...