Congress completed work Saturday on a bill that could help consumers shift unused flexible spending account funds into health savings accounts.
The Senate voted 79-9 to pass the bill, H.R. 6111, and the House approved the bill by a 367-45 vote.
Officials of the American Benefits Council, Washington, say they expect the president to sign the bill “shortly.”
The HSA provisions were taken from a bill passed by the House Ways and Means Committee in September.
The HSA provisions permit holders of FSAs, health reimbursement arrangements and individual retirement plans to make one-time transfers of account funds into HSAs.
Other provisions would remove deductibles as caps for HSA contributions, let employers make full HSA contributions for employees who join HSA programs mid-year, and take highly compensated employees out of the comparison group for HSA contribution comparability testing for non-highly compensated employees.
Other sections of the long, catch-all bill make a number of changes to the Medicare and Medicaid programs and extend many programs and tax breaks, such as energy conservation tax credits.