Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Health Insurance > Health Insurance

Company Joins FSA Battle

Your article was successfully shared with the contacts you provided.

Ceridian Benefits Services has hired a Washington law firm to help it and other benefits firms lobby on behalf of health care flexible savings accounts.

The Senate Finance Committee is considering proposals to finance health reform and lower the budget deficit by capping the tax exclusion for employer-sponsored health coverage, and it also is looking at the idea of capping or eliminating the FSA tax break.

Ceridian Benefits, St. Petersburg, Fla., a benefits administration unit of Ceridian Corp., Minneapolis, says it will be working with client firms to tell members of the Senate Finance Committee about the value of the FSA program.

If lawmakers must change the FSA program, then they should create a separate, more generous cap than the cap they impose on employer-sponsored health benefits, Ceridian says.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.