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November 02, 2009 at 07:00 PM
The Employers Council on Flexible Compensation says H.R. 3962, the Affordable Health Care for America Act bill, includes sections that could hurt flexible spending account and health savings account programs.
The ECFC, Washington, a group that represents the sponsors and providers of FSA, HSA and health reimbursement arrangement programs, earlier drew attention to sections in S. 1796, the Senate Finance Committee’s health bill, that would affect the programs.
H.R. 3962 contains some similar provisions.
S. 1796 would limit personal health account holders’ ability to use account funds to pay for non-prescription drugs. In H.R. 3962, Section 531 would let FSA, HRA and HSA holders use account funds to pay for medicines other than insulin only if the drugs were prescribed by health care providers.
