IRS Issues Guidance on 2011 Health Care Account Changes

September 08, 2010 0 COMMENTS

On September 3, 2010, the IRS issued guidance addressing the changes made by the health care reform package (the Patient Protection and Affordable Care Act and the Health Care and Education Affordability Reconciliation Act of 2010) to the use of certain health care accounts.

More specifically, effective in 2011, the health care reform legislation limits distributions for qualified medicine under health savings accounts (HSAs), Archer medical savings accounts (MSAs), health flexible spending arrangements (FSAs), and health reimbursement arrangements (HRAs) to prescription drugs and insulin.

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Many Implications for Employers in Senate Health Care Reform Bill

November 22, 2009 1 COMMENTS

Read the latest news on health care reform efforts in Congress and how they will affect employers

In a 60-39 party-line vote, U.S. Senate Democrats voted last night to begin full debate on the Patient Protection and Affordable Care Act (H.R. 3590), a comprehensive 2,074-page health care reform bill. The legislation, which Senate Majority Leader Harry Reid (D-Nevada) unveiled on November 18, 2009, would have serious impacts on employers if enacted.

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