HSA Guidance Released by DOL

October 30, 2006 – The Department of Labor’s Employee Benefits Security Administration (EBSA) has issued Field Assistance Bulletin (FAB) 2006-2, which updates similar 2004 guidance (FAB 2004-1) on health savings accounts (HSAs). FAB 2006-2 addresses such issues as employers paying HSA establishing fees, the applicability of the prohibited transaction rules of IRC Sec. 4975 to HSAs. The EBSA news release and the guidance may be accessed as follows.