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Proposed FSA tweak doesn’t go far enough, critics say

By
  • Bruce Shutan
Published
  • March 17 2011, 8:38am EDT

Benefit professionals have tirelessly lobbied for an end to the so-called use-it-or-lose it rule governing pretax employee contributions to a flexible spending account, which is now the centerpiece of a bipartisan proposal in Congress.

But some industry observers are underwhelmed by the “Medical Flexible Spending Account Improvement Act” (H.R. 1004) co-sponsored by U.S. Reps. Charles Boustany (R-La.) and John Larson (D-Conn.).

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