New P New Perspecti pectives on HSAs es on HSAs April 25, 2019 - - PowerPoint PPT Presentation
New P New Perspecti pectives on HSAs es on HSAs April 25, 2019 #wpbc17 Panelists Kara Backus, ERISA/Employee Benefits Attorney at Bullard Law Vanessa Lyons, Manager of National Accounts, Labor & Trust at Regence Greg Jones,
April 25, 2019
#wpbc17
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Regence
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expenses
family
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How can HSAs help with health care affordability?
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Should an employee consider an HSA as part of his/her retirement plan? What are some strategies for including an HSA as part of an employee’s retirement plan? How should an employee balance his/her priorities among all of the types of plans (e.g., 401(k), HSA, FSA, etc.)?
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Many employees use their HSAs as spending accounts instead of savings accounts. What are the policy implications and results of this behavior? What communication strategies may be effective at changing this behavior?
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Are HSAs a group health plan governed by ERISA? Is a plan document, SPD, and 5500 filing required for an HSA? Are employees entitled to continuation coverage for their HSAs under COBRA?
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May an employer offer a regular FSA and an HSA at the same time? What eligibility or practical considerations does the employer need weigh in deciding between FSAs, HSAs, or offering both? What about an employer that currently sponsors an FSA with a calendar year and a carryover provision—may the employer begin offering an HSA mid-way through the year?
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May an employee receive HSA distributions while he/she is covered under a non-HDHP? When can an employee receive distributions from his/her HSA?
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What happens when an employee contributes too much to his/her HAS? Are there any penalties? What factors may cause a participant to incur a penalty? How can a participant avoid these penalties?
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Are HSAs subject to nondiscrimination testing? What testing applies, if any, when an employer does not contribute to the HSAs for its employees? What if an HSA fails either IRC §125 nondiscrimination testing or the comparability testing?
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What happens to an employee’s HSA contributions and investment earnings when the employee leaves the employer that sponsors the HSA? What about employer contributions to an HSA when the employee terminates employment?
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What are some effective tools and decision-making supports that you have seen in the HSA market?