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        • Creating a Legally Sound Remote Work Policy: The 5 Biggest Pitfalls to Avoid
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New FSA, HSA reimbursement rules proposed

Tim Gould
by Tim Gould
June 3, 2011
1 minute read
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A new bill before Congress would widen employee reimbursement options under flexible spending and health savings accounts.
The Family and Retirement Health Investment Act of 2011 would:

  • Allow a husband and wife to make catch-up contributions to the same HSA
  • Remove new restrictions on the use of HSA and FSA dollars for the purchase of over-the-counter drugs
  • Allow individuals to roll over up to $500 from their FSA accounts
  • Clarify the use of prescription drugs as preventive care that will not be subject to an HSA-eligible plan deductible
  • Reauthorize the use of Medicaid health opportunity accounts
  • Expand the definition of qualified medical expenses to encourage more exercise and healthier eating habits
  • Allow seniors enrolled in Medicare Part A to continue contributing to their HSAs
  • Allow for the purchase of low-premium health insurance and long-term care insurance with HSA dollars.
  • Repeal the recently enacted deductible limits of $2,000 for single coverage and $4,000 for family coverage for plans sold to small employers.
  • Allow purchase of COBRA coverage, long-term care insurance, and HSA-qualified policies from an HSA.

The bill was introduced by Sen. Orrin Hatch (R-UT) and in the House by Rep. Erik Paulsen (R-MN).
For a look at the full proposed legislation, go here.

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