EBP2404. Account-based Health and Welfare Plans (including HSA, HRA, FSA, QSEHRA) and ACA Penalties

The Internal Revenue Code provides for a number of ways for employers to deliver health benefits to their employees. Many of these arrangements allow employees to set aside amounts that the employee can use for his or her own health benefits. This session will discuss the basics of these arrangements and the tax and Affordable Care Act rules that come into play when encountering these arrangements.

Learning Objectives:

• Recognize the various types of health care accounts, including how the accounts are funded, applicable contribution limits, and how benefits can be paid from the accounts
• Distinguish how employers set up various health care accounts and what administrative requirements, if any, apply to each.
• Identify the basic issues, if any, under the Affordable Care Act that come into play when considering health care accounts.