Bill
Bill > S2802
US S2802
US S2802Responsible Additions and Increases to Sustain Employee Health Benefits Act of 2018
summary
Introduced
05/08/2018
05/08/2018
In Committee
05/08/2018
05/08/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Responsible Additions and Increases to Sustain Employee Health Benefits Act of 2018 This bill amends the Internal Revenue Code, with respect to the tax exclusion for distributions from health flexible spending arrangements provided under a cafeteria plan, to: (1) increase the annual limit on employee salary reduction contributions to $5,000, with an additional $500 for each additional employee dependent above two dependents that has not been taken into account by another person for the year; (2) revise the adjustment for inflation after 2018; and (3) allow a carryforward into the next year for unused amounts in such plans.
AI Summary
This bill amends the Internal Revenue Code to increase the annual limit on employee salary reduction contributions to health flexible spending arrangements (FSAs) provided under a cafeteria plan. Specifically, it increases the limit to $5,000, with an additional $500 per each additional employee dependent above two dependents. It also allows unused amounts in such plans to be carried forward into the next year, and revises the adjustment for inflation after 2018.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Read twice and referred to the Committee on Finance. (on 05/08/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/senate-bill/2802/all-info |
| BillText | https://www.congress.gov/115/bills/s2802/BILLS-115s2802is.pdf |
| Bill | https://www.congress.gov/115/bills/s2802/BILLS-115s2802is.pdf.pdf |
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