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4.7 (56)

J. Patrick Garverick, CFP, CPA


Wednesday, March 18, 2020 | 10:30 AM EDT

  • AFSP
  • CPA
  • EA
  • Tax Preparer
  • Oregon Tax Preparer
  • CTEC

2 Credits


Subject Area


Upcoming Webinars

Course Description

Regardless of what comes out of Congress with regard to the Healthcare Bill, we know that healthcare costs will continue to be significant for retirees. One of the most efficient and valuable ways to help pay for these expenses is through health savings accounts (HSAs). While more and more companies are moving to High Deductible Health Plans, the C-suite is always looking for additional ways to save money while keeping employees happy. It's crucial for employers and their service providers and advisors to understand what kind of coverage is required for HSA eligibility, and what types of programs and benefits can make employees ineligible for HSA contributions.

HSAs are one of the most favorable tax investment vehicles in existence today. Unlike IRA contributions, HSA contributions do not have an income limit which phases people out of making contributions. Thus, someone making $5M annually still has the ability to make an HSA contribution if they are covered under an HDHP and don’t run afoul of the other restrictions mentioned previously

You will also learn how HSAs offer investors triple tax savings: You will also learn what benefits shall be paid i.e examples of qualified medical expenses include most medical, dental, vision, and rehabilitative or chiropractic expenses also Tax-free distributions for medical expenses. Generally, if distributions are made for any other purpose besides a qualified medical expense the distribution is subject to a 20% penalty. However, once people reach the age of 65, they can make distributions from an HSA for any purpose without penalty. At this point, the HSA essentially turns into a traditional IRA and distributions for non-medical expenses are merely subject to income taxes

This training session is designed to get the Tax professionals, CPAs, CFOs, Financial Planners up to speed quickly with the complex contribution and distribution rules applicable to health savings accounts (HSAs) and serve as an advisory to their clients or companies on effective strategies for saving the bottom line while keeping the compliance in check and increased employee satisfaction and retention.

Learning Objectives

  • To understand the eligibility requirements for making contributions to HSAs
  • To understand the tax ramifications of distributions from HSAs
  • To know the complex rules applicable to HSAs.
  • How participation in a flexible spending account (FSA) or health reimbursement arrangement (HSA) can impact HSA eligibility.
  • Whether and how Medicare or VA eligibility affect HSA eligibility.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Practitioners
  • Tax Pros


    [no_of_record] => 56
    [average] => 4.7321




Excellent webinar. Learned greatly through the presentation. Very informative ans it touched on issues I was unaware of. Did not know that HSA were so complicated. Thank You for the presentation.


Great job! Exactly what I needed. Didn't know much about HSAs and this really covered the topic. Extremely informative session. Thank you