HSA Penalty Tax
Effective January 1, 2011, withdrawals from HSAs not used for qualified medical expenses will be subject to a 20% excise tax, which is an increase from 10% under prior law.
-
Additional Resources
-
Newsletters
Additional summary information about these new rules impacting FSAs
-
Video Tutorial
On changes impacting Section 125 plans
-
American Fidelity’s Services
Learn about our FSA, HRA, and HSA administrative services.
-
American Fidelity Assurance Company does not provide tax or legal advice.