S. 1404 · 112th Congress
Medical FSA Improvement Act of 2011
- Stage
- In committee
- Sponsor
- Benjamin Cardin
- Introduced
- 2011-07-21
- Latest action
- 2011-07-21 · Introduced in Senate
Summary
Medical FSA Improvement Act of 2011 - Amends the Internal Revenue Code to allow amounts in a flexible spending arrangement (FSA) that are not spent for medical care to be distributed to the FSA participant as taxable income after the close of a plan year (currently, such unspent amounts are forfeited). Includes such FSAs in the definition of tax-exempt cafeteria plans.