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Senate Restrictions on Flexible Spending Accounts Spur New Campaign
Date:12/10/2009

WASHINGTON, Dec. 10 /PRNewswire-USNewswire/ -- Save Flexible Spending Plans, a national grassroots organization dedicated to protecting flexible spending accounts (FSAs), today launched a new campaign, "Ten Before Ten," that encourages Americans to voice their support for protecting the cost-saving benefit by sending 10,000 emails to their senators before the start of 2010. The campaign coincides with the Senate's consideration of legislative provisions that would significantly restrict the use of FSAs to help fund a portion of health reform, as well as an amendment filed by Senator Charles E. Schumer (D-NY) to adjust for inflation a proposed cap on FSA contributions. In a demonstration of the support for protecting FSAs, more than 50,000 emails have been sent by supporters to Congress and the Obama Administration since the launch of Save Flexible Spending Plans in July 2009.

"Now is a critical time for consumers to take action to protect their FSAs as the Senate considers pending provisions that would significantly restrict access to the benefit through a contribution cap and an amendment offered by Senator Schumer that makes sure the cap is indexed with inflation," said Joe Jackson, chairman of Save Flexible Spending Plans and CEO of WageWorks Inc., a benefits company based in San Mateo, California. "If the Senate fails to increase the proposed cap on FSA contributions and, at a minimum, index the cap to inflation, millions of Americans will face higher taxes, increased health care costs and a reduction in the value of this cost-saving benefit."

The Patient Protection and Affordable Care Act, pending in the Senate, includes a $2,500 annual cap on FSA contributions, which unlike in legislation approved by the House of Representatives, is not designed to adjust with inflation. An amendment (SA 2993) filed earlier this week by Sen. Schumer would resolve this problem by indexing the cap, ensuring that access to FSAs stay in l
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SOURCE Save Flexible Spending Plans
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