An end to reform's restrictions on flex spending accounts?
If this bill passes, employees will once again be able to use their health savings and flex spending accounts to purchase over-the-counter meds.
It’s called The Family and Retirement Health Investment Act of 2011, and it was introduced by Sen. Orrin Hatch (R-Utah) and in the House by Rep. Erik Paulsen (R-MN).
The bill is designed make HSAs and FSAs accessible to more people, bolster the use of these these accounts and do away with some of the current restrictions.
The bill would also make a number of other major changes to the current HSA and FSA rules, including:
- Allowing a husband and wife to make catch-up contributions to the same HSA
- Allowing individuals to rollover up to $500 from their FSA, and
- Killing the recently enacted deductible limits of $2,000 for single coverage and $4,000 for family coverage for plans sold to small employers.
For additional info on the bill, click.
- Share on
Free Training & Resources
White Papers
Provided by Anaplan
Further Reading
Reassessing HSA employer contributions can increase participation while capturing meaningful payroll tax savings. Employer contributions to...
CFOs and benefits professionals can only do so much to influence employees to invest in a company 401(k) plan. So-called influencers are of...
EBSA FY 2025 Enforcement Snapshot $1.4B recovered for workers and plans 878 civil investigations closed 253 criminal investigatio...
There’s no need to panic if you or one of your staffers discover they’ve made mistakes with your company’s 401(k) plan.&nb...
Some of your year-end health plan responsibilities have lifted, thanks to eleventh-hour legislation from Congress. Plan sponsors that me...
On Aug. 7, 2025, President Trump signed an executive order expanding 401(k) plans’ ability to include alternative investments – such as...
