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| FREE NEWS ALERTS A free, comprehensive news service to keep small businesses and independent contractors posted on the latest tax developments affecting their operations.
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Monday, May 8 Benefit Plans - Health Savings Accounts, #101
To help small business owners and their employees cope with the escalating cost of health care, the federal government established Health Savings Accounts in 2003. These accounts – which combine tax-free savings with high-deductible insurance coverage – are designed to receive tax-exempt contributions, are portable from job to job, and may be accumulated over the years or distributed on a tax-free basis to fund qualified medical expenses. Other approaches include Medical Savings Accounts, Health Flexible… Subscribers have free access to the archives. Click here. |
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