Bill would end 'use-it-or-lose-it' rule for FSA health care accounts

Republican Minnesota Rep. Erik Paulsen has sponsored legislation that would overturn a rule that stops many people from signing up for flexible spending accounts. FSA contributions which can boost your income because they aren't taxed, can be used for many medical expenses, but those contributions must be used before the end of the year, or they disappear.
Author:
Publish date:
Social count:
0

Republican Minnesota Rep. Erik Paulsen has sponsored legislation that would overturn a rule that stops many people from signing up for flexible spending accounts. FSA contributions which can boost your income because they aren't taxed, can be used for many medical expenses, but those contributions must be used before the end of the year, or they disappear.

Related

UnitedHealth pledges to keep health care overhaul provisions

Minnetonka-based UnitedHealth, the nation's largest health insurer, told the Associated Press it plans to keep and extend some provisions of the federal health-reform legislation regardless of whether the law is overturned. The U.S. Supreme Court is expected to issue a ruling later this month on the law's constitutionality.

Backers hope bill would end synthetic drug sales in Minnesota

Past laws banning specific compounds have simply prompted chemists to create new "analogs" -- similar compounds with the same effects -- to get around the rules. New legislation at the Capitol has broader language that sponsors say would ban both existing synthetics and their analogs.

Anniversary of health care reform law brings appeals from supporters, critics

U.S. Health and Human Services Secretary Kathleen Sebelius will be in the Twin Cities on the two-year anniversary of the landmark health care legislation. Sebelius will highlight insurance policies that she says discriminate against women. Meanwhile, Congresswoman Michele Bachmann is using the law's anniversary in a fundraising appeal built around her goal of repealing it.

Next Up