Johnson Price Sprinkle PA
828. 254. 2374 Contact Us Events Search
  • About Us
    • BDO Alliance USA
    • Other Affiliations
    • Careers
  • Services
    • Advisory
      • Benefit Consulting
      • Budgeting and Cash Management
      • Business Consulting
      • Company Financing & Capitalization
      • Forecast and Projections
      • Healthcare Reform Consulting
      • Litigation Support
      • Mergers & Acquisitions
      • Succession Planning
      • Technology Solutions
      • Valuation
    • Assurance
      • Agreed Upon Procedures
      • Employee Benefit Audits
      • Financial Statement Audits
      • Forecasts & Projections
      • Governmental and Institutional Consulting
      • Internal Controls
    • CPA Services
      • Peer Reviews
      • Technology Solutions
    • Taxation
      • Business Planning
      • Compensation & Benefit Consulting
      • Cost Segregation Analysis
      • Entity Selection
      • Estate and Family Business Planning
      • International
      • Personal Planning
      • Representation Before Tax Authorities
      • Securing Tax Credits and Incentives
      • State & Local
      • Tax Return Preparation
  • Industries
    • Agriculture
    • Architecture & Engineering
    • Breweries
    • Cooperatives
    • Entrepreneurial/Start-up Companies
    • Family Business
    • Healthcare
    • Hospitality
    • Manufacturing
    • Nonprofit
    • Professional Services
    • Real Estate & Construction
    • Retail & Wholesale
    • Technology
    • Transportation
  • Our Team
    • Shareholders
    • CPAs
    • Professionals
    • Directors
    • Administrators
  • Headlines
    • News
    • Announcements
    • Reports
    • Events
  • About Us
  • Services
  • Industries
  • Our Team
  • Headlines

About Us

  • Careers
  • Other Affiliations
  • BDO Alliance USA

Services

  • Advisory
    • Benefit Consulting
    • Budgeting and Cash Management
    • Business Consulting
    • Company Financing & Capitalization
    • Forecast and Projections
    • Healthcare Reform Consulting
    • Litigation Support
    • Mergers & Acquisitions
    • Succession Planning
    • Technology Solutions
    • Valuation
  • Assurance
    • Agreed Upon Procedures
    • Employee Benefit Audits
    • Financial Statement Audits
    • Forecasts & Projections
    • Governmental and Institutional Consulting
    • Internal Controls
    • Peer Reviews
  • Technology Solutions
    • Cyber Security
    • Fraud Detection
    • Network Design and Implementation
  • Taxation
    • Business Planning
    • Compensation & Benefit Consulting
    • Cost Segregation Analysis
    • Entity Selection
    • Estate and Family Business Planning
    • International
    • Qualified Opportunity Zones
    • Personal Planning
    • Representation Before Tax Authorities
    • Securing Tax Credits and Incentives
    • State & Local
    • Tax Return Preparation

Industries

  • Agriculture
  • Architecture & Engineering
  • Breweries
  • Cooperatives
  • Entrepreneurial/Start-up Companies
  • Family Business
  • Outdoor Industry
  • Healthcare
    • Dentists
    • Physicians
    • Other Providers
  • Hospitality
    • Country Clubs
    • Hotels
    • Restaurants
  • Manufacturing
  • Nonprofit
  • Professional Services
  • Real Estate & Construction
    • Commercial & Residential Construction
    • Homeowners’ Associations
    • Real Estate Agencies
    • Real Estate Development
    • Real Estate Rental & Investment
  • Retail & Wholesale
  • Technology
  • Transportation

Our Team

  • View All
  • Administrators
  • Directors
  • Professionals
  • CPAs
  • Shareholders

Headlines

  • Events
  • Reports
  • Announcements
  • News
  • All

Headlines

  • Events
  • Reports
  • Announcements
  • News
  • All

News

How Does “Play or Pay” Affect HSA and HRA Contributions?

July 11, 2013

Many companies have turned to Health Savings Accounts (HSAs) and Health Reimbursement Arrangements (HRAs) to shift more responsibility for health care costs to employees. If your business is one of them, you may have been wondering how your contributions to these plans affect the “play or pay” provisions of the Patient Protection and Affordable Care Act.

In May of this year, the IRS released guidance clarifying, among other things, how an employer’s HSA and HRA contributions count toward its shared responsibility to provide affordable health care benefits of at least minimum value.

According to the guidance, an employer’s total HSA contributions for the current plan year count toward the minimum value calculation. For HRA contributions, amounts made newly available for the current plan year — that can be used for only premiums or for either premiums or cost-sharing reduction — will be treated as an employee’s earnings and can be considered available to him or her to increase the affordability of the employer’s health care coverage.

Filed under: News

Tags: Asheville CPA Firm, Health Savings Account, Play Pay Provision

« Back to Headlines

Asheville

79 Woodfin Place, Suite 300
Asheville, NC 28801
828. 254. 2374
AskUs@jpspa.com

Boone

1675 Blowing Rock Road, Suite 301
Boone, NC 28607
828. 262. 0997
AskUs@jpspa.com

Marion

451 N Main Street Suite 105
Marion, NC 28752
828. 652. 7044
AskUs@jpspa.com

Newsletter Sign Up

  • This field is for validation purposes and should be left unchanged.
facebook link linkedin link twitter link

© 2023 Johnson Price Sprinkle PA

Privacy Policy

Payment Policy

Asheville's and Western North Carolina's premier CPA firm