|Copyright:||(c) 2010 Mondaq, Source: The Financial Times Limited|
|Source:||Financial Times Limited|
Flexible spending accounts, or FSAs, are an excellent way to pay for healthcare expenses using pre-tax money. These voluntary, employer-sponsored programs, allow employees to save a portion of their income on qualified medical expenses incurred during their benefit plan year for themselves and covered dependents. The contributions, maxed at
However, in the near future, FSAs and HFSAs will be more regulated than ever before. Healthcare reform legislation signed into law in
Since the law will not be fully phased in until 2013, and the earliest change will not occur until
If you would like more information about this topic or your own unique situation, please contact
1. Remember, each employer plan is different. For specific information relating to your plan, employees should check their employer’s plan documents.
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