Issue of the co-existence of employee assistance plan with the HSA; Permissibility of common health coverage limitations in a qualifying high deductible health plan; Extent to which cafeteria plan rules appl...
Contributions via a Section 125 cafeteria plan by the employer or by the employee are also free of FICA taxes (Social Security and Medicare taxes, a.k.a. payroll taxes). Contributions outside of a Section 125 plan are still deductible from ordinary income tax, but they are subject to FICA...
Anyone who qualifies may make an HSA contribution. Employers can also make HSA contributions on behalf of their employees. Employees can make pre-tax payroll deductions toward an HSA through a cafeteria plan, as well as after-tax contributions, fsa or hsa. Employees can alter the amount they c...
For one, let’s clarify that cafeteria plan contributions are counted as employer contributions. Cafeteria plans are when your employer withholds your contributions which they send to the HSA custodian for you. So these are employee contributions but your employer is doing the work for you. The b...
HSA accounts are not available to all Americans. You’ll need an insurance plan that's termed ahigh-deductible health plan(HDHP) to be eligible. The minimums change every year, so you’ll want to check the latest stats before contributing. These are the rules for an HDHP for 2022: ...