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Status of Health Flexible Spending Accounts, Health Reimbursement Accounts and Health Savings Accounts under the Affordable Care Act

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Integrated Health Care Flexible Spending Accounts (FSAs)—Tax Code Sections 105, 106 and 125

Definition of qualifying health insurance: Any major medical group health plan made available for the year to employees by the employer, but only if the ­maximum benefit payable to any participant does not exceed two times the participant’s ­salary reduction election for the year (or, if greater, does not exceed $500 plus the amount of the participant’s ­salary reduction election)

Cost-of-living adjustments for insurance deductibles, copayments, and other monetary provisions: Not applicable (not associated with a particular insurance ­policy)

Source of contributions: By employee (through pretax deductions), by employer (through nonelective payments to employees), or both

Annual contribution limits: Each individual has a limit of $2,500 per account for plan years beginning in 2014. If each spouse is eligible to enroll in an FSA, then e...(register to read more)

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