Under the rule, employers will be able to provide their workers with tax-preferred funds to pay for the cost of health insurance coverage.....
Tax-PREFERRED? Or, tax-deferred???
As long as the funds go to paying eligible healthcare expenses, it tax free. If you use it for something else you pay income tax plus a 20% penalty.
Hehe, might be an important difference.
>Tax-PREFERRED? Or, tax-deferred???
Being on FR, I would have thought the 1st question would have been: EMPLOYERS?? Why aren’t the users (ie: employees) given the same tax advantages DIRECTLY?