Read The HSA Compliance White Paper
HSAs provide significant tax benefits to employers and employees alike. However, earning tax breaks inevitably requires careful documentation and compliance with tax rules. The costs for failure to comply can be significant, including unwinding HSA contributions, reissuing tax documents and filings for an employee population, and paying penalties - all at considerable cost to the employer who does not properly implement and administer the HSA program.
This paper examines common causes of these failures and proposes solutions that can minimize HSA administration costs and optimize HSA compliance.