Rewrite insurance & benefits law

Effective in stages with each enrollment wave · Congress; DOL EBSA; Treasury; state insurance commissionersDiscuss this step

IRC §125 cafeteria plans & Flexible Spending Accounts

amendedBy waveFederal tax code

Today

Pre-tax premium payments and FSAs for out-of-pocket costs.

Under the plan

Pre-tax premium conversion ends; health FSAs limited to non-covered items.

Trade-off

Simpler; benefits administrators lose FSA business.