What the New Medicare Law Has in Store for Employers

This presentation, given on June 3, 2004, after the Medicare Prescription Drug, Improvement & Modernization Act of 2003 went into effect, focuses primarily on Health Savings Accounts. It defines HSAs, discusses eligibility requirements, what constitutes a qualified medical expense, taxation of the contributions by both the individual and the employer, and distributions upon death, divorce, or separation. There is also a comparison of the different types of health care savings vehicles, including Archer Medical Savings Accounts, Health Reimbursement Arrangements, and Health Flexible Spending Accounts.