IRS Notice 2008-59 presents over forty frequently asked questions and answers that cover a broad range of HSA topics including setting up an an account, HSA contributions and distributions, individual eligibility and issues related to High Deductible Health Plans.  

To read Notice 2008-59, Click here. 

The IRS released two updates recently.  Notice 2008-51 gives clarification on HSA funding distributions when transfering funds from an IRA to an HSA.  Notice 2008-52 pertains to various aspects of contributions which arise from amendments to the HOPE Act, and more specifically to the "Full Contribution Rule."  

 To read these updates, click here.

This week, the Treasury Department and Internal Revenue Service issued new maximum contribution levels for Health Savings Accounts (HSAs) and out-of-pocket spending limits for High Deductible Health Plans.  These amounts have been indexed for cost-of-living adjustments for 2009.