Updated HSA-MSA-FSA-HRA Tax Publication (article)

The Internal Revenue Service recently updated its publication relating to tax-favored health plans for use in preparing 2018 returns.  Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans provides an overview of various tax saving vehicles used to offset health care costs including health savings accounts (HSA), medical savings accounts (MSA), health flexible spending arrangements (FSA plans), and health reimbursement arrangements. 

It should be noted that this newly released version of the publication reflects the 2018 inflationary adjustments applicable to deductibles, out of pocket limits, contributions, and other changes in HSAs, MSAs and FSA plans.

• For 2019 inflationary adjustments applicable to HSAs, see HSA Inflationary Adjustments for 2019 (Benefit Beat, 6/5/18). 
• For 2019 inflationary adjustments applicable to the FSA cap and MSAs, see 2019 Benefit Plan Limits (Benefit Beat, 12/3/18).

The information contained in this article is provided as general guidance and may be affected by changes in law or regulation. This article is not intended to replace or substitute for accounting or other professional advice. Please consult a CBIZ professional. This information is provided as-is with no warranties of any kind. CBIZ shall not be liable for any damages whatsoever in connection with its use and assumes no obligation to inform the reader of any changes in laws or other factors that could affect the information contained herein.