Archive for Health Care Reform
Health Care Reform
Posted by: | Comments“On December 24, 2009 the Senate passed the “Patient Protection and Affordable Care Act” by a yea-nay vote of 60-39. The House version of the 2409 page bill is HR-3590. On the afternoon of March 18, 2010 Congress announced that the House posted an additional package, HR-4872 – Reconciliation Act of 2010, that contains 153 pages of fixes to the Healthcare bill. On March 21, 2010, Congress passed the two bills.”
Health Care Reform – FSAs & HSAs 2013
Posted by: | CommentsThe health care reform package modifies the definition of qualified medical expenses for health FSAs and HSAs to conform to the definition used for the medical expense itemized deductions (excluding over-the-counter medicines unless prescribed by a health care professional) beginning in 2011.
Additionally, the health care package caps health FSA contributions at $2,500 per year after 2012, indexed annually for inflation after 2013.