Monday, June 4, 2012

FSA's meet ObamneyCare©

From email:

"On May 30, 2012, the Internal Revenue Service (IRS) issued a Notice on the new $2500 Limit on Health Care Flexible Spending Accounts (FSAs). The Notice clarifies that this provision of [ObamneyCare©] applies to plans beginning after December 31, 2012 ...

The limit applies on an employee-by-employee basis rather than per household"

Currently, folks can contribute up to $5,000 per household to the health care portion of their Flex Account. Beginning next year, that gets slashed in half (unless one's spouse also has access to an FSA through his/her employer).

Just another ObamneyCare© tax increase.

[Hat Tip: Cigna]

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