Senator Hatch actually introduced similar legislation three years ago, but the 2008 bill never made it to the floor for a vote. Hopefully Hatch and other supporters will have better luck this time around.
Salespeople often are advised not to talk about politics or religion, and for good reason. People have strong opinions about these two issues, and being too open about our views is a good way to run off potential customers.
Most of us know that an individual enrolled in Medicare Part A or B isn't eligible to contribute to a health savings account. This can create a problem for employees who work beyond their 65th birthday, which seems to be the norm these days.
Last week the Senate approved a bill that would eliminate the controversial 1099 provision from the Affordable Care Act, and just three days later another important piece of the legislation went down with Friday night’s budget agreement. This time the “employee free choice” voucher program emerged in the cross-hairs.
There are a few instances where an HSA account holder might be required to pay a penalty, and they all have to do with contributing more than the allowed amount to the account.