I just received this email from my employer:
It has been brought to our attention that the U.S. Senate Finance Committee’s proposed health care reform legislation would impose a cap of $2,500 on employees’ flexible spending accounts (Beneflex) for health care. Currently, federal law allows employers to set the maximum amount allowable to be set aside under these tax exempt accounts for health care (there is a $5,000 cap for dependent care which is set by the federal government). RIT has had a maximum amount of $3,000 for these Beneflex health care accounts, and is planning to increase the cap to $5,000 in 2010 in response to employees’ requests for a higher amount to address family needs and circumstances. Under the proposed Senate legislation as currently written, this would not be possible once the new law takes effect.
Working with RIT’s Department of Human Resources, we wanted to make you aware of this proposal and its potentially negative impact on the ability of individuals to set aside an amount in these accounts that best meets their personal and family needs. If you are concerned about this proposed cap on flexible spending accounts for health care, there is a way for you to express your concerns to your congressional representatives and senators.
The following link:
https://ssl.capwiz.com/savemyflexplan/issues/alert/?alertid=13717151
It enables you to send a message electronically to your elected representatives. You can create your own message or adapt some of the suggested paragraphs provided. The message will be automatically sent to your home congressperson and U.S. Senators. It is important that you send the message from your home address, so that your members will know that it is from one of their own constituents.
We understand that health care is a very complex and multi-faceted issue, and one change can impact other parts of the legislation. Since these flexible spending accounts have been widely used by RIT employees, we felt that it was important to bring this issue to your attention at this time.
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