INCLUDE_DATA

Posts Tagged ‘contribution’

May the employer advance the HSA contribution for an employee who has a financial/medical need?


Posted on December 11th, 2008 by WPJ

Yes. IRS regulations allow for the employer to advance the employer contribution to the HSA for a specific employee. However, the employer must treat all employees equally. Ideally, the employer would develop a policy for advancing (employer funded) HSA contributions. Any employee meeting those requirements, who requests an advance, would recieve the advance on the [...]

I am getting a divorce; can I transfer part of my HSA to my spouse?


Posted on June 11th, 2008 by WPJ

HSAs are the property of only one tax payer. IRS regulations do not permit transfers from one taxpayer to another under normal circumstances. Publication 504 does address the issue of HSA transfer (full or patial) in divorce situations.  The IRS guidelines described below require legal documentation (an “instrument”) for a custodian to move money from one [...]