Health Savings Account

What are the guidelines for a pastor's health savings account and is it reported as a benefit or taxable income?

Comments for Health Savings Account

Click here to add your own comments

HSA & MediShare are two separate items.
by: Anonymous

5-21-2022
MediShare is NOT HEALTH CARE (as defined by IRS/government). MediShare is SPECIFICALLY a "Health Care Sharing Ministry" or an HCSM.

MediShare payments are NOT "PREMIUMS" paid for "HEALTH CARE." MediShare payments are not deductible on 1040-SCH A as "HEALTH CARE PREMIUMS paid." MediShare does not meet the requirements for a (high-deductible) HSA.
HSA
by: Anonymous

The contributions to the HSA should not be considered taxable income, but should be included on the W-2 in box 12 with a W as a reference.
Health Savings -- Insurance Premiums
by: MarcusNTexas

We pay the monthly health insurance premiums (MediShare) for our pastor and his wife and up until now have never shown it as income. I assume that is still legal since many employers pay the cost of insurance premiums for their employees without the employee being taxed on that benefit. I don't know if there is a difference for payments into a health savings account on behalf of the pastor.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Minister's W-2.