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soleft (18,513 posts) Flex Spending Accounts Cut in HalfSo I did my 2013 benefit enrollment today, which I'm very grateful I'm able to do, and the maximum amount I could put in tax exempt flex spending health account has been lowered from 5k to 2500. I have 2 dependents on my policy and we went thru the 5k this year by June. And my company made sure I knew this was due to Healthcare Affordability Act. Didn't realize this was in the law and I'm just wondering if anyone knows why? Is the idea that revenue will be higher if less income is tax exempt? Sucks for me, but if it makes the plan work....
BainsBane (1,002 posts) 1. You may not need itSince more will be covered by insurance. Check ups, for example, will have no deductibles.
k8conant (1,126 posts) 3. $2500 is the limit effective 1/1/2013 but...I don't even get to pay my premiums pre-tax as a federal annuitant, let alone an FSA.