Senators Cardin and Enzi introduce FSA cash-out legislation


On May 15, 2013, Senator Ben Cardin (D-MD) along with Senator Mike Enzi (R-WY) introduced S. 966, the Medical FSA Improvement Act, to eliminate the use-or-lose rule by allowing individuals to cash-out unused flexible spending arrangement (FSA) balances with the amounts treated as taxable income.

As you know, repealing the UOL rule is among ECFC’s top policy priorities, and we are pursuing both regulatory and legislative approaches to achieve that goal. With that, ECFC encourages its members to reach out to their constituent senators’ offices to encourage them cosponsor S. 966. Offices interested in co-sponsoring the legislation can contact Priscilla Ross with Senator Cardin (202-224-4524) or Riley Swinehart with Senator Enzi (202-224-3424).