Flexible benefit plans can co-exist alongside of an HSA Plan, however individuals should not pay for medical expenses out of the Flex Plan (individuals may want to allocate money for dental or vision in the flex plan.)
The HSA legislation allows for individuals to contribute to an HSA through a cafeteria plan, however not enough guidance was given on the subject. In practice different Flexible Benefit administrators are interpreting it differently. Some are not allowing it, others are treating it like Insurance Premiums. More guidance is expected in June of 2004.
What is an HSA?
Why an HSA?
Who is eligible for an HSA?
Is an HSA right for everyone?
Do I need a certain type of Insurance Plan?
Do I need a certain type of account?
Employer Benefits of HSA Plans
Employee Benefits of HSA Plans
HSA Tax Treatment
Tax Treatment: Inviduals
Tax Treatment: Employer Contributions
How are Distributions Taxed?
Who May Contribute?
How much may be contributed to an HSA in calendar year 2006?
Tax Treatment of Contributions
What are catch up Contributions?
What are “Qualified Medical Expenses?”
Are health insurance premiums qualified medical expenses?
How are claims adjudicated and processed?
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