Included in the President's Health Care Reform bill is a proposal that will impact not only the cost of health care, but also some of the other benefits offered by employers such as Flexible Spending Accounts (FSAs). One of the ideas and a proposal that has been circulating among the Senate Finance Committed is a $2,000 limit/cap on the maximum election that can be set aside for Health FSA’s as well as eliminating the reimbursement of over-the-counter (OTC) medications. This could be very detrimental to participating in these plans. Please take a few minutes to review the information provided in the following link.

You may use this link to send your views about FSAs to your congressmen and the president.

 SAVEMYFLEXPLAN.ORG

A Note to Employers:
The Senate Finance Committee’s recommended $2,000 cap and elimination of over-the-counter medications will change the structure of FSAs and would disproportionately affect employees who need FSAs the most. It’s also likely that overall health care system costs would increase and could cause the elimination of FSAs because some employees, for financial reasons, would forego getting necessary treatment, prescriptions and supplies, resulting in deterioration in health and an increase in hospitalizations.

We have included a letter that employers can send to members of congress and the president urging them to reconsider the $2,000 cap and elimination of OTC medications under FSA plans.
Click here to download a copy of the letter in Microsoft Word format.