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IRS Clarifies Regulations Concerning Employer HSA Contributions

Responding to requests for clarification of employer contribution issues, the Internal Revenue Service has issued its final regulations on this important Health Savings Accounts (HSAs) issue.

The regulations concern how employers comply with the comparable contribution requirements for HSAs, under Section 4980G. The regulations may be viewed by clicking here:

The regulations concern employees that do not establish an HSA by the end of the year or an employee who has neglected to tell the employer that he or she has established an HSA.

The regulations also cover instances when an employer accelerates contributions for the calendar year for employees who have incurred qualified medical expenses.

The IRS's new regulations went into effect April 17 and apply to employer contributions made for calendar years beginning on or after Jan. 1, 2009.

The information in the final regulations was reviewed and approved by the Office of Management and Budget in accordance with the Paperwork Reduction Act of 1995, according to

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