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Tax Relief & Health Care Act of 2006 Tweaks Health Savings Accounts

January 15, 2007 Tax Relief & Health Care Act of 2006 Tweaks Health Savings Accounts H.R. 6111, the Tax Relief and Health Care Act of 2006, enhanced the tax advantages to health savings accounts (HSA) that are typically linked with consumer-directed health plans. The changes signed into law in December 20, 2006, now permit: Individuals to fund HSAs with one-time transfers from their individual retirement accounts, health reimbursement arrangement, or flexible spending accounts   The maximum annual contribution to HSAs may be made at any point in a given year. Previously, individuals could only make prorated contributions based . . .

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