Pretax – FSA and HSA Programs

COURSE DESCRIPTION

Pre-tax programs that help employees to save for inevitable unreimbursed health care, such as Flexible Savings Accounts and Health Savings Accounts, are advantageous to employees. Not just in helping them save for that rainy day when insurance does not fully cover a service, but also due to the tax savings involved. However, there are specific rules that apply to these programs. Understanding these complex rules is important for any advisor, especially due to their prevalence: 17% of employers offered HSA programs in 2021, while 43% offered a Healthcare FSA.  Sandy Wood will review the regulations affecting both of these pre-tax savings programs, outlining their similarities and differences.

Objectives

• Understand which companies may have certain employees restricted from participating
• Distinguish between these pre-tax funding programs
• Describe two main Healthcare Flexible Spending Account programs most commonly used by employers
• Describe special rules for Health Savings Accounts, such as catchup contributions and the last month rule

Audience

Agents, Brokers, Benefits Managers

Completion Rules

You must complete all course lessons, pass all quizzes and pass the final exam.

CE Credit

This course is approved in the following states for 1 hour of insurance CE credit.
OR, WA
Upon completion of the course, you will receive a confirmation within 3 business days that CE credit has been reported to the State under the license number you provide on your profile.