2.15.24 | HSA Catch-up contributions for family coverage
Q. If a family has two people both over age 55, can they each make a $1,000 catch-up contribution to an HSA? A. Each spouse can contribute the $1,000 catch-up to their own HSA. It is important that each have an HSA. If just one spouse has an HSA, that spouse will be limited to the family contribution plus one $1,000 catch-up contribution. Answers to the Question of the Week are provided by Kutak Rock LLP. Kutak Rock provides general compliance guidance through the UBA Compliance Help Desk, which does not constitute legal advice or create an attorney-client relationship. Please consult your legal advisor for specific legal advice. |
2.22.24 | QUALIFIED SMALL EMPLOYER HRAS AND COBRA
Q. A client of ours will be adding a qualified small employer HRA (QSEHRA) plan. Are these plans COBRA eligible? A. An employer is eligible to adopt a QSEHRA only if both of the following requirements are met:
Answers to the Question of the Week are provided by Kutak Rock LLP. Kutak Rock provides general compliance guidance through the UBA Compliance Help Desk, which does not constitute legal advice or create an attorney-client relationship. Please consult your legal advisor for specific legal advice. |