Archive for Health Care Reform – FSAs & HSAs
Apr
28
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.