2011 Health Savings Account Changes

Due to the enactment of the National Health Law (PPACA – Patient Protections and Affordable Care Act) beginning January 1, 2011 the following changes will affect Health Savings Accounts: The Excise Tax on ineligible HSA reimbursements increases from 10% to 20%. This is in addition to the normal income taxes for an ineligible HSA reimbursement. […]