• Health Savings Account Fever: A Blistering Pace for HSA Guidance Continues
  • April 6, 2004
  • Law Firm: Kilpatrick Stockton LLP - Atlanta Office
  • On March 30th Treasury and IRS issued their second round of guidance on health savings accounts (HSAs). The attached Legal Alert summarizes this important guidance, which focuses on -- (i) the definition of preventive care, (ii) how prescription benefits may be provided when an employer implements an HSA/high deductible health plan design, and (iii) special transition relief providing additional time to establish HSAs for 2004. The Legal Alert also reviews a number of significant comments by Treasury and IRS representatives that explain their decisions on these items and suggest the direction of future HSA guidance.