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Health Care Flexible Spending Accounts

Description: Health care Flexible Spending Accounts (FSAs) are benefit plans established by employers to reimburse employees for health care expenses such as deductibles and copayments. FSAs are usually funded by employees through salary reduction agreements, although employers are permitted to contribute as well. The contributions to and withdrawals from FSAs are tax-exempt. This report discusses two recent bills, the Patient Protection and Affordable Care Act (ACA) and the Health Care Cost Reduction Act o… more
Date: June 5, 2012
Creator: Mulvey, Janemarie
Partner: UNT Libraries Government Documents Department
open access

Health Care Flexible Spending Accounts

Description: Health care Flexible Spending Accounts (FSAs) are benefit plans established by employers to reimburse employees for health care expenses such as deductibles and copayments. The contributions to and withdrawals from FSAs are tax-exempt. On June 7, 2012, the House passed H.R. 436, the Health Care Cost Reduction Act of 2012, which would allow up to $500 of unused balances in health FSAs to be distributed back to the account holder after the plan year ends and to allow over-the-counter prescriptio… more
Date: June 13, 2012
Creator: Mulvey, Janemarie
Partner: UNT Libraries Government Documents Department
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