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Subject:
Item Title: Health Savings Accounts: What's New?
Summary:
A tax law passed a couple of months ago included new advantageous provisions for Health Savings Accounts (HSAs). The innovative accounts allow individuals and businesses to pay for out-of-pocket health costs at a lower cost in many cases. Take a look at how HSAs work and how the new rules might favorably affect you or your business in four different ways, as well as some expensive traps to avoid.
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.