Health Savings Accounts Help Manage Rising Costs

Haddad, Lisa
June 2007
South Carolina Business;Jun2007, p25
The article presents information on Health Savings Accounts (HSA), a savings account which allows people to set aside pre-tax or after-tax income for future medical expenses. These funds can be invested in an individual's choice of stocks or mutual funds, or they can be managed like a traditional savings account. To open an HSA, members must participate in an HSA-qualified health plan,which must meet certain requirements set by the U.S. Internal Revenue Service.


Related Articles

  • IRS Announces New HSA Limits for 2005.  // Clergy Journal;Feb2005, Vol. 81 Issue 4, p23 

    This article presents the U.S. Internal Revenue Service's announcement regarding the Health Savings Account contributions for 2005, which are limited to $5,250 for family coverage and $2,650 for individual coverage.

  • IRS guidance goes a short way toward resolving HSA confusion. Lee, Karen // Employee Benefit News;Jul2004, Vol. 18 Issue 9, p52 

    Discusses issues concerning health savings accounts (HSA) in the U.S. Lists of conditions outlined by the U.S. Internal Revenue Service under which employers can provide HSA along with an flexible spending accounts or health reimbursement arrangements (HRA); Reason some brokers advocated the...

  • Treasury clears the path for HSAs. Gilbert, Matthew // Workforce Management;Sep2004, Vol. 83 Issue 9, p22 

    Reports on the final guidelines issued by the U.S. Treasury Department on the use of health savings accounts (HSA). Purpose of HSA; Advantage of the Internal Revenue Service's guidelines on HSA; Challenge posed by health-care expenses to companies.

  • Colllective Investment Funds.  // Practical Accountant;Jan2009, Vol. 42 Issue 1, p14 

    The article offers information on collective investment fund (CIF), CIF is considered as a kind of investment which aims to create a wide range of portfolio through the integration pensions and profit sharing funds approved by the Internal Revenue Service (IRS). It reveals that an agreement on...

  • IRS Issues Negative Guidance on Investments by Mutual Funds in Commodity-Index Derivative Contracts. Kim, Susan A.; Tanden, Raj // Venulex Legal Summaries;2006 Q1, p1 

    The article reports on negative guidance issued by the U.S. Internal Revenue Service (IRS) on December 16, 2005 regarding investments by mutual funds in commodity-index derivative contracts. Revenue Ruling 2006-1 calls into question whether a fund can rely on the definition of securities as...

  • IT IS NOT TOO LATE FOR THE HEALTH SAVINGS ACCOUNT. Bejerea, Jessica A. // Chicago-Kent Law Review;2010, Vol. 85 Issue 2, p721 

    The Health Savings Account (HSA), a tax-advantaged savings vehicle for paying medical expenses, paired with the high deductible health plan, has become a popular means of controlling health care costs and insurance premiums. Recently Congress attempted to increase the attractiveness of the HSA...

  • International Taxation. Cummings, Jack; Rowe, Kevin; Tanenbaum, Edward // Corporate Business Taxation Monthly;Jul2005, Vol. 6 Issue 10, p5 

    The article reports on the issuance of a taxpayer-friendly interpretation of rules for regulated investment company (RIC) dividends received by nonresident aliens by the U.S. Internal Revenue Service. The conditions in which a domestic corporation can be taxed as a RIC are given. The types of...

  • REPORTING OF WIDELY HELD FIXED INVESTMENT TRUSTS.  // Practical Accountant;Apr2006, Vol. 38 Issue 4, p16 

    The article reports on the announcement of the U.S. Internal Revenue Service (IRS) on the amendments of the final regulations under Reg. 1.671-5 or Reporting Requirements for Widely Held Fixed Investment Trusts regarding certain reporting rules for non-mortgage fixed investments trust. The IRS...

  • Costs of starting new mutual funds can't be deducted or amortized.  // Practical Accountant;Aug98, Vol. 31 Issue 8, p16 

    Presents information on the case involving the FMR Corp., 110 TC No. 30 and the United States Internal Revenue Service (IRS), in which FMR incurred costs for developing and launching a number of mutual funds. Number of mutual funds launched and developed by the company; Claims of the IRS;...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics