HEALTH SAVINGS ACCOUNTS UPDATE AND REVIEW

TAX RELIEF AND HEALTH CARE ACT OF 2006 IMPACT HSAs

OVERVIEW: 

The Tax Relief and Health Care Act of 2006 liberalize the rules on Health Savings Accounts.  This diverse bill directly impacts Health Savings Accounts and brings some much needed changes to the new product.  In this informative telecast, learn what is new and what is not and what the impact these changes will bring to your Health Savings Accounts Program.  We will include an updated manual and some of the key compliance and administrative "hot-spots" for banks who are working with these interesting products.

What you will learn:

• One time rollovers from IRAs to Health Savings Accounts
• Annual plan deductible limit on HSA contribution is repealed
• Tax payers with partial year coverage on HSA can contribute full year amount to HSA
• Cost of living adjustments will index with inflation
• One time rollovers from FSAs and HRAs into HSAs
• Some changes to comparability rules for employers
• And much much more

Who should attend:

All Health Savings Account administrators, new accounts, IRA administrators who work with Health Savings Accounts, Branch Managers, Branch Administration, Human Resource Managers for banks who offer these plans to employees.