Baucus Markup- GROVER NORQUIST- FSA taxation and more hidden taxes in Obama care

Baukus Markup- Senate Bill- GROVER NORQUIST- FSA taxation and more hidden taxes in Obama care

From http://www.investors.com/NewsAndAnalysis/Article.aspx?id=508916

Senate Bill Taxes Your Current Health Plan

By GROVER NORQUIST Posted 10/13/2009 07:03 PM ET

Because no company will want to buy a plan that crosses the $21,000 Cadillac line, these plans will be phased out or simply eliminated. An employee may not have any choice in the matter. His plan might not be available at the next open season.

 Sadly, that’s not the only tax increase on your current health insurance plan. If you’re one of the 25 million Americans with a health flexible spending account (FSA) at work, you’ll suddenly find these currently unlimited accounts capped at $2,500. People use health FSAs to pay for co-pays, deductibles, nonprescription medications, durable medical equipment and costs associated with special-needs children.

This tax hike directly changes health care plans on day one.  A related provision would deny FSA owners the ability to pay for over-the-counter medicine with pretax FSA dollars.

Read more http://www.investors.com/NewsAndAnalysis/Article.aspx?id=508916

Senate Bill Taxes Your Current Health Plan

By GROVER NORQUIST Posted 10/13/2009 07:03 PM ET

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This entry was posted on 15. October 2009 at 19:59 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.