Health Care Reform: Flexible Spending Accounts Update
08-30-2010
As health care reform was being shaped into a law, the cap on contributions for flexible spending accounts was rewritten several times. Earlier versions had the cap going into effect in 2011, but the final version states 2013. When the provision does go into effect in 2013, the cap will be $2,500 and it allows for annual inflation.
The one change that does start in 2011 has to do with reimbursements. Members using flexible spending accounts will not be reimbursed for over-the-counter, nonprescribed drugs bought on or after January 1, 2011.
For more information, contact BUA.
