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HSA Changes Add More to Consider When Picking Plans

August 17, 2011
Related Topics: Benefit Design and Communication, Medical Benefits Law, Health and Wellness, Health Care Benefits, Featured Article, Compensation
Two elements of federal health care reform legislation passed last year that could affect HSAs’ growth. Over-the-counter medications had been HSA-eligible, but now only those prescribed by a physician will be allowed. The second change is an increase to 20 percent from 10 percent in the tax penalties on nonqualified HSA expense withdrawals.
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