The bill, H.R. 5842, to be considered by the House Ways and Means Committee, would eliminate the OTC restrictions in the Patient Protection and Affordable Care Act of 2010.
Officials said they did not 'intend' to impose penalties during the first year the requirement is in effect so long as employers are working in 'good faith' to comply.
Of the $240,000 needed to cover a retired couple's health care expenses, Fidelity estimates 32 percent will go toward paying Medicare Part B and Part D premiums; 45 percent will be consumed by expenses not covered by Medicare; and 23 percent will be spent on out-of-pocket prescription drug expenses.
Under a provision in the Patient Protection and Affordable Care Act, which goes into effect on Jan. 1, 2013, the maximum annual contribution employees can make to their FSAs is $2,500. Read More
Increases in the HSA limits are tied to changes in the cost of living.
When individuals take a lump-sum payment rather than continued monthly benefits, Ford no longer will face such risks as paying more than expected if the individuals live longer than expected. Read More
The Internal Revenue Service is expected to publish the official HSA contribution limits in May.Read More
Many questions have been raised about the fees and to which type of health plans they would apply.Read More