A bill to amend the Internal Revenue Code of 1986 to increase participation in medical flexible spending arrangements.
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.
Placed on the Union Calendar, Calendar No. 363.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S4806-4807)
Read twice and referred to the Committee on Finance.
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