Category: Uncategorized

How Well Do You Know Health FSAs?

December 22nd, 2016

By William G. (Bill) Stuart Director of Strategy and Compliance Dec. 22, 2016 Health FSAs are pretty well understood by employers and benefit advisors. They’ve been in place since federal tax reform and have changed little during the intervening three decades. For that reason, Health FSA participation hasn’t grown much in recent years. The only.. Read more

Rebuilding Healthcare

November 23rd, 2016

By William G. (Bill) Stuart Director of Strategy and Compliance November 23, 2016 What do this month’s national election results mean for healthcare in 2017 and beyond? We’ll have some solid answers soon enough. Healthcare is likely to be on the agenda for early action when the 115th Congress convenes in early January and President-elect.. Read more

The Changing HSA Administration Landscape

November 10th, 2016

By William G. (Bill) Stuart Director of Strategy and Compliance Nov. 10, 2016 A dozen years ago, when HSAs were launched as part of the Medicare Prescription Drug, Improvement and Modernization Act of 2003, a number of banks applied to become HSA trustees and custodians. Lured by the prospect of new assets under management, banks.. Read more

What’s better – an HRA or an HSA?

October 27th, 2016

By William G. (Bill) Stuart Director of Strategy and Compliance October 27, 2016 It’s a trick question. There is no clear answer. It’s like asking, “What’s a better vehicle – a pick-up truck or a compact sedan?” The answer in both cases depends on your current and projected needs, your budget and your preferences.  Defining.. Read more

Managing Benefit Costs with an HRA/HSA Combination

October 13th, 2016

William G. (Bill) Stuart Director of Strategy and Compliance Oct. 13, 2016 Do you want to learn more about how Medicare impacts HSA eligibility or whether you can reimburse a domestic partner’s eligible expenses from your HSA? We’ve added a lot of new information to our website. You can access the HSA GPS Fact Sheet.. Read more

Are You Preparing for the Cadillac Tax?

September 29th, 2016

by William G. (Bill) Stuart Director of Strategy and Compliance September 29, 2016 The so-called Cadillac Tax, the levy on high-premium medical coverage scheduled to go into effect January 1, 2018, is dead, right? Not exactly. Late last year, Congress delayed implementation of the controversial tax for two more years until 2020. Most elected officials.. Read more

The Unlimited Possibilities of Limited-Purpose Health FSAs

September 15th, 2016

Have a question about HSAs that’s not answered below? We can help. You can view our new HSA FAQs here. Also, you can access Health Savings Account GPS, Benefit Strategies’ easy-to-understand explanation of HSA rules, here.  By William G. (Bill) Stuart Director of Strategy and Compliance Sept. 15, 2016 As most readers know, individuals covered by.. Read more

Designing an Effective HSA Program

September 1st, 2016

By William G. (Bill) Stuart Director of Strategy and Compliance Sept. 1, 2016 We’ve reached the tipping point in Consumer-Driven Health, or CDH – even in Massachusetts, where adoption has been much slower than in the nation at large. More than a decade after IRS clarification on Health Reimbursement Arrangements, or HRAs (2002), and Health.. Read more

Transferring Balances into an HSA

August 18th, 2016

By William G. (Bill) Stuart Director of Strategy and Compliance Aug. 18, 2016 HSA rules allow accountholders to move some funds from other tax-advantaged accounts into their HSAs. These rules give accountholders greater flexibility in managing their overall investment portfolio. They also reinforce the important notion that HSAs are an excellent savings and investment vehicle and.. Read more

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