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| <csmuffoletto[at]gmail.com> wrote - quote - > I'm told by my HR that if I have a second payer with my > company health plan, that I cannot participate in a High > deductible health Plan nor make a before tax (tax free) > contribution to a health Savings Plan, and that this is > an IRS rule. > Anyone aware of this If by "second payer" you mean a second health insurance policy, then they are correct. You can not have any other health plan (some exceptions apply though). - quote - > and can point me to the applicable IRS code section? Probably Section 223. There are also several Regulations and Rulings in this area that give more guidance. -- Paul A. Thomas, CPA Athens, Georgia -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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| I'm told by my HR that if I have a second payer with my company health plan, that I cannot participate in a High deductible health Plan nor make a before tax (tax free) contribution to a health Savings Plan, and that this is an IRS rule. Anyone aware of this and can point me to the applicable IRS code section? Thanks Carl -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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| account, health, payer, plan, savings |
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