Benefits Blog

IRS Clarifies New Carry-Over Provision’s Impact on HSAs

Posted by Nathan Carlson on Wednesday, April 09, 2014 @ 04:43 PM

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.

Click Here For Bulletin

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