April 17, 2015 4:00 pm
July 30, 2012 — Federal employees will not be able to set aside as much tax-sheltered money for their health needs as they can now come the new year.
The new health care law, provisions of which are gradually taking effect through 2014, will reduce the amount feds can set aside in their Flexible Spending Accounts.
Presently feds are allowed to put in $5000 annually per household.
That amount will be reduced to $2500 in 2013.
FSAs were among the topics discussed by Bob Leins and Tammy Flanagan, co hosts of NITP’s For Your Benefit, which airs live Monday at 10 a.m. on Federal News Radio.
Leins and Flanagan also touched upon a number of other issues, which have been brought up during recent seminars presented by the National Institute of Transition Planning.
How the US Mint and NIST are perfecting the money-making process.