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.
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