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mcampbell
Forum Contributor

Canada
2 Posts
Posted - 11/12/2009 :  10:24:46 AM  Show Profile  Reply with Quote
We are implementing a Health Savings Account and some employees have their premiums paid by their employer. If an employer decides to put funds in their HSA account, at what point is it taxable to the employee? Thank you

craigeryjohn
Forum Contributor

2 Posts
Posted - 01/15/2010 :  1:38:45 PM  Show Profile  Reply with Quote
To my knowledge (I have an HSA), money set aside by employers to be placed into an HSA is not taxed at all until you reach the annual contribution limit for that employee. The limit for an employee-only coverage in 2010 is $3,050 while contributions to qualifying family coverage are not taxed up to $6,150. The employer also saves by not having to pay employer shares of Social Security contributions on those amounts.
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