News Headlines Article

Health expense accounts could face cuts
USA Today - Christine Dugas

The health care bill proposed last week by the Senate Finance Committee would pare tax-free health expense accounts. That’s troublesome to workers such as Frank Mallak, who takes advantage of the flexible spending account (FSA) offered by his company. Every year for 11 years, Mallak, who lives with his wife, Jan, in Pittsburgh, has made the maximum contribution of pretax dollars to his FSA. He uses the funds to pay for his asthma, diabetes and arthritis prescription drugs, as well as chiropractor bills.