Update - S. 1783 and H.R. 2830 ($500 FSA Rollover)

Having passed in both the House and Senate, the bill may proceed to a conference committee of senators and representatives to work out differences in the versions of the bill each chamber approved. The bill then awaits the signature of the President before becoming law.

The Senate version S.1783 does not contain the FSA rollover feature that would allow up to $500 per year in medical flexible spending accounts (FSAs) to be rolled over into the following year. The House version H.R. 2830 does.

December 23, 2005 · Categories: General, FSA, Consultants · Read article »

Update - Flex HSA Act Introduced in House

According to the GovTrack web site, this bill is in the first step in the legislative process. The bill remains in committee where it is determined whether the bill should be presented to the House as a whole.

The Flex Health Savings Account Act of 2005, HR 4511 would permit the coordination of HSAs with FSAs and HRAs by allowing them to be used in conjunction with the qualified high deductible health plans.

December 23, 2005 · Categories: General, HSA, FSA, Consultants · Read article »