This shouldn't come as a surprise, but the cost of healthcare is increasing. And, while it's kind of a bumper, there is a silver lining. There is a really useful way to offset...
Posted by International Tax Consultants, LLC on 01/30/2021
What is a health expense reimbursement agreement (HRA)?A health reimbursement agreement (HRA) is an employer-funded plan that reimburses employees for eligible medical expenses and,...
Posted by Schneiderman and Friedman on 01/18/2021
Anyone that uses funds from a medical saving account or health savings account like an Archer or Medicare MSA, with the firm that administers it must reflect this in Form 1099-SAThere...
Posted by Aurelia E Weems CPA on 11/25/2020
In the guide addressing COVID-19 (the disease resulting from the 2019 novel coronavirus), the I.R.S. has removed some barriers to testing and treating COVID-19 according to the Health...
Posted by Unifirst Financial & Tax Consultants on 10/21/2020
The Internal Revenue Service recently published new, higher contribution limits for health savings accounts for 2021. An individual is allowed to contribute $ 3,600, while it is $...
Posted by Carmen Garcia on 10/15/2020
