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Health Plans Tax-Favored and Other Page 1 of 22 9:37 - 1 ...

Userid: CPMS chema: tipxLeadpct: 100%Pt. size: 10 Draft Ok to PrintAH XSL/XMLF ileid: .. tions/P969/2017/A/XML/Cycle03/source(Ini t. & Date) _____Page 1 of 22 9:37 - 1-Mar-2018 The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before of the TreasuryInternal Revenue ServicePublication 969 Cat. No. 24216 SHealth Savings Accountsand Other Tax-Favored Health PlansFor use in preparing2017 ReturnsGet forms and Other information faster and easier at: (English) (Espa ol) ( ) ( ) (Pусский) (Ti ngVi t) Savings Accounts (HSAs)..2 Medical Savings Accounts (MSAs)..10 Archer Advantage Spending Arrangements (FSAs)..15 Health Reimbursement Arrangements (HRAs)..17 How To Get Tax developments. For the latest information about developments related to Pub.

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Transcription of Health Plans Tax-Favored and Other Page 1 of 22 9:37 - 1 ...

1 Userid: CPMS chema: tipxLeadpct: 100%Pt. size: 10 Draft Ok to PrintAH XSL/XMLF ileid: .. tions/P969/2017/A/XML/Cycle03/source(Ini t. & Date) _____Page 1 of 22 9:37 - 1-Mar-2018 The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before of the TreasuryInternal Revenue ServicePublication 969 Cat. No. 24216 SHealth Savings Accountsand Other Tax-Favored Health PlansFor use in preparing2017 ReturnsGet forms and Other information faster and easier at: (English) (Espa ol) ( ) ( ) (Pусский) (Ti ngVi t) Savings Accounts (HSAs)..2 Medical Savings Accounts (MSAs)..10 Archer Advantage Spending Arrangements (FSAs)..15 Health Reimbursement Arrangements (HRAs)..17 How To Get Tax developments. For the latest information about developments related to Pub.

2 969, such as legislation enacted after it was published, go to of missing children. The Internal Reve-nue Service is a proud partner with the National Center for Missing & Exploited Children (NCMEC). Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a tax benefits for same-sex married couples. For federal tax purposes, marriages of couples of the same sex are treated the same as marriages of couples of the opposite sex. The term "spouse" includes an individ-ual married to a person of the same sex. However, individ-uals who have entered into a registered domestic partner-ship, civil union, or Other similar relationship that isn't considered a marriage under state law aren't considered married for federal tax Spending Arrangements (FSAs) and Health Reimbursement Arrangements (HRAs).

3 Notice 2013-54, 2013-40 287, available at provides guidance for employers on the application of the Affordable Care Act (ACA) to Flexible Spending Arrangements (FSAs) and Health Re-imbursement Arrangements (HRAs).For more information on the Affordable Care Act, go to Flexible Spending Arrangements (FSAs). The following rules apply to Health reduction contributions to your Health FSA can t be more than $2,600 a year (indexed for infla-tion). This inflation adjusted amount is listed in Rev. Proc. 2016 55, sec. available at employer may choose to change your cafeteria plan to allow you to carry over up to $500 of unused Mar 01, 2018 Page 2 of 22 Fileid: .. tions/P969/2017/A/XML/Cycle03/source9:37 - 1-Mar-2018 The type and rule above prints on all proofs including departmental reproduction proofs.

4 MUST be removed before remaining at the end of the plan year in a Health FSA to be paid or reimbursed for qualified med-ical expenses incurred during the following plan year. For more information, see Balance in an FSA under Flexible Spending Arrangements (FSAs), programs are designed to give individuals tax ad-vantages to offset Health care costs. This publication ex-plains the following Savings Accounts (HSAs).Medical Savings Accounts (Archer MSAs and Medi-care Advantage MSAs). Health Flexible Spending Arrangements (FSAs). Health Reimbursement Arrangements (HRAs).An HSA may receive contributions from an eligible indi-vidual or any Other person, including an employer or a family member, on behalf of an eligible individual. Contri-butions, Other than employer contributions, are deductible on the eligible individual's return whether or not the indi-vidual itemizes deductions.

5 Employer contributions aren t included in income. Distributions from an HSA that are used to pay qualified medical expenses aren t Archer MSA may receive contributions from an eligi-ble individual and his or her employer, but not both in the same year. Contributions by the individual are deductible whether or not the individual itemizes deductions. Em-ployer contributions aren t included in income. Distribu-tions from an Archer MSA that are used to pay qualified medical expenses aren t Medicare Advantage MSA is an Archer MSA desig-nated by Medicare to be used solely to pay the qualified medical expenses of the account holder who is enrolled in Medicare. Contributions can be made only by Medicare. The contributions aren t included in your income.

6 Distribu-tions from a Medicare Advantage MSA that are used to pay qualified medical expenses aren t Health FSA may receive contributions from an eligible individual. Employers also may contribute. Contributions aren t includible in income. Reimbursements from an FSA that are used to pay qualified medical expenses aren t HRA must receive contributions from the employer only. Employees may not contribute. Contributions aren t includible in income. Reimbursements from an HRA that are used to pay qualified medical expenses aren t and suggestions. We welcome your com-ments about this publication and your suggestions for fu-ture can send us comments through Or you can write to:Internal Revenue ServiceTax Forms and Publications1111 Constitution Ave.

7 NW, IR-6526 Washington, DC 20224 Although we can t respond individually to each com-ment received, we do appreciate your feedback and will consider your comments as we revise our tax forms, in-structions, and forms and publications. Visit to download forms and publications. Other -wise, you can go to to order current and prior-year forms and instructions. Your order should arrive within 10 business questions. If you have a tax question not an-swered by this publication, check and How To Get Tax Help at the end of this Savings Accounts (HSAs)A Health Savings Account (HSA) is a tax-exempt trust or custodial account you set up with a qualified HSA trustee to pay or reimburse certain medical expenses you incur. You must be an eligible individual to qualify for an permission or authorization from the IRS is neces-sary to establish an HSA.

8 You set up an HSA with a trustee. A qualified HSA trustee can be a bank, an insur-ance company, or anyone already approved by the IRS to be a trustee of individual retirement arrangements (IRAs) or Archer MSAs. The HSA can be established through a trustee that is different from your Health plan employer may already have some information on HSA trustees in your you have an Archer MSA, you generally can roll it over into an HSA tax free. See Rollovers, are the benefits of an HSA? You may enjoy sev-eral benefits from having an can claim a tax deduction for contributions you, or someone Other than your employer, make to your HSA even if you don t itemize your deductions on Schedule A (Form 1040).Contributions to your HSA made by your employer (in-cluding contributions made through a cafeteria plan) may be excluded from your gross contributions remain in your account until you use interest or Other earnings on the assets in the ac-count are tax may be tax free if you pay qualified medi-cal expenses.

9 See Qualified medical expenses, HSA is portable. It stays with you if you change employers or leave the work 2 Publication 969 (2017)Page 3 of 22 Fileid: .. tions/P969/2017/A/XML/Cycle03/source9:37 - 1-Mar-2018 The type and rule above prints on all proofs including departmental reproduction proofs. MUST be removed before for an HSATo be an eligible individual and qualify for an HSA, you must meet the following are covered under a high deductible Health plan (HDHP), described later, on the first day of the have no Other Health coverage except what is permitted under Other Health coverage, aren t enrolled in can t be claimed as a dependent on someone else's 2017 tax the last-month rule, you are considered to be an eligible individual for the entire year if you are an eligible individual on the first day of the last month of your tax year (December 1 for most taxpayers).

10 If you meet these requirements, you are an eligible indi-vidual even if your spouse has non-HDHP family cover-age, provided your spouse's coverage doesn t cover , you may be an eligible individual even if you re-ceive hospital care or medical services under any law ad-ministered by the Secretary of Veterans Affairs for a serv-ice-connected another taxpayer is entitled to claim an exemp-tion for you, you can t claim a deduction for an HSA contribution. This is true even if the Other person doesn t actually claim your spouse who is an eligible individual who wants an HSA must open a separate HSA. You can t have a joint deductible Health plan (HDHP). An HDHP has:A higher annual deductible than typical Health Plans , andA maximum limit on the sum of the annual deductible and out-of-pocket medical expenses that you must pay for covered expenses.


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