Tax Considerations: HRAs, HSAs, MSAs and other Flexible Spending Arrangements

Flexible Spending Arrangements (FSAs)

A health flexible spending arrangement (FSA) allows employees to be reimbursed for medical expenses. FSAs are usually funded through voluntary salary reduction agreements with your employer. No employment or federal income taxes are deducted from your contribution. The employer may also contribute.

Health Savings Accounts (HSAs)

• Qualifying for an HSA
• Contributions to an HSA
• Distributions From an HSA
• Balance in an HSA
• Death of HSA Holder
• Filing Form 8889
• Employer Participation

Medical Savings Accounts (MSAs)

• Archer MSAs
• Contributions to an MSA
• Distributions From an MSA
• Balance in an Archer MSA
• Death of the Archer MSA Holder
• Filing Form 8853
• Employer Participation
• Medicare Advantage MSAs

Flexible Spending Arrangements (FSAs)

• Qualifying for an FSA
• Contributions to an FSA
• Distributions From an FSA
• Balance in an FSA
• Employer Participation

Health Reimbursement Arrangements (HRAs)

• Qualifying for an HRA
• Contributions to an HRA
• Distributions From an HRA
• Balance in an HRA
• Employer Participation