Knowing who you work with -- and providing your clients the resources to choose who they work with -- is important. But in the increasingly complex healthcare industry, it can be a challenge to juggle information from so many partners and vendors.
Tags: third party administrator, brokers, employers, benefits, employees, Benefit Administration, TPA, HSA, Health Savings Accounts, FSA, Colorado, Compliance, COBRA, Cafeteria Plans, COBRA Administration, Infographic
Are you or your client considering adding the new Carry-Over provision to your Flex Plan? The IRS recently issued important guidance on how this Carry-Over provision impacts HSAs. If not set up correctly, the Carry-Over provision will invalidate many HSA contributions, resulting in a loss of deduction and penalties. My Bulletin describes how to create Fail-Safe language that guards against these issues.
This Information Bulletin is a must-read for:
any employer that has adopted (or is contemplating adopting) the new IRS Carry-Over provision and also offers an HSA-qualified HDHP,
- vendors that offer HDHPs, and
- industry professionals that provide related consulting or insurance services.