Treasury Department Releases New Guidance on Health Savings Accounts
The Treasury Department and IRS released Notice 2008-59, which provides employers and employees with a new set of formal questions and answers on
Health Savings Accounts (HSAs). Since HSAs were created as part of the Medicare Prescription Drug, Improvement, and Modernization Act of 2003, Treasury and the IRS have issued a large number of formal guidance items containing questions and answers on HSAs. Notice 2008-59 contains more than 40 new frequently asked questions and answers that cover a wide range of topics.
