Publication 969 - Health Savings Accounts And Other Tax-Favored Health Plans - 2010
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22Contents
Department of the Treasury
Internal Revenue Service
What’s New for 2010 . . . . . . . . . . . . . . . . . . . . . . . .
1
What’s New for 2011 . . . . . . . . . . . . . . . . . . . . . . . .
1
Publication 969
Reminder . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
Cat. No. 24216S
Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
Health
Health Savings Accounts (HSAs) . . . . . . . . . . . . .
2
Savings
Medical Savings Accounts (MSAs) . . . . . . . . . . . . 10
Archer MSAs . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Medicare Advantage MSAs . . . . . . . . . . . . . . . . . 15
Accounts
Flexible Spending Arrangements (FSAs) . . . . . . . 15
Health Reimbursement Arrangements
and Other
(HRAs) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
How To Get Tax Help . . . . . . . . . . . . . . . . . . . . . . . 19
Tax-Favored
Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
Health Plans
What’s New for 2010
Child under age 27. For FSA and HRA purposes, begin-
For use in preparing
ning March 30, 2010, coverage and reimbursement is
2010
allowed for an employee’s child under age 27 at the end of
Returns
the employee’s tax year.
What’s New for 2011
Qualified Medical Expenses. For HSA, MSA, FSA, and
HRA purposes, a medicine or drug will be a qualified
medical expense only if the medicine or drug:
1. Requires a prescription,
2. Is available without a prescription (an
over-the-counter medicine or drug) and you get a
prescription for it, or
3. Is insulin.
This applies to amounts paid after 2010. However, it does
not apply to amounts paid in 2011 for medicines or drugs
purchased before January 1, 2011.
Additional tax increased. For HSA and MSA purposes,
the additional tax on distributions not used for qualified
medical expenses is increased to 20%. This applies to
distributions after 2010.
Reminder
Photographs of missing children. The Internal Reve-
Get forms and other information
nue Service is a proud partner with the National Center for
faster and easier by:
Missing and Exploited Children. Photographs of missing
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IRS.gov
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Jan 14, 2011
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