Responsible Additions and Increases to Sustain Employee Health Benefits Act of 2018

Bill: 115-hr-6313
Sponsor: full_name: Rep. Stivers, Steve [R-OH-15]
Introduced: 2018-07-06
Policy area: Taxation
Subjects: Bank accounts, deposits, capital

Health care costs and insurance

Income tax deductions
Latest action: action_date: 2018-07-19
text: Placed on the Union Calendar, Calendar No. 661.

Summaries:
action_date: 2018-07-06
action_desc: Introduced in House
text: <p><b>Responsible Additions and Increases to Sustain Employee Health Benefits Act of 2018 </b></p> <p>This bill amends the Internal Revenue Code to allow unused health flexible spending arrangement account balances (or a portion of the balances) to be carried forward into the next plan year. </p>

action_date: 2018-07-19
action_desc: Reported to House with amendment(s)
text: <p><b>Responsible Additions and Increases to Sustain Employee Health Benefits Act of 2018</b></p> <p> This bill amends the Internal Revenue Code to allow unused health flexible spending arrangement (FSA) account balances (or a portion of the balances) to be carried forward into the next plan year. </p> <p> For a year in which a balance is carried forward from the preceding year, the dollar limitation on salary reduction contributions to an FSA must be reduced by the amount by which the carried forward balance exceeds $500.</p>

tv_txt: I 115th CONGRESS 2d Session H. R. 6313 IN THE HOUSE OF REPRESENTATIVES July 6, 2018 Mr. Stivers introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to allow the carryforward of health flexible spending arrangement account balances.

1. Short title This Act may be cited as the Responsible Additions and Increases to Sustain Employee Health Benefits Act of 2018 . 2. Carryforward of health flexible spending arrangement account balances (a) In general Section 106 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: (g) Carryforward of health flexible spending arrangement account balances A plan shall not fail to be treated as a health flexible spending arrangement under this section or section 105 merely because such arrangement’s account balance (or any portion thereof) determined as of the end of any plan year may be carried forward to the succeeding plan year. . (b) Conforming amendment Section 125(d)(2) of such Code is amended by adding at the end the following new subparagraph: (E) Exception for health flexible spending arrangements Subparagraph (A) shall not apply to a plan to the extent of amounts in a health flexible spending arrangement which may be carried forward as described in section 106(g). . (c) Effective date The amendment made by this subsection shall apply to plan years beginning after December 31, 2018.

tv_txt: IB Union Calendar No. 661 115th CONGRESS 2d Session H. R. 6313 [Report No. 115–853] IN THE HOUSE OF REPRESENTATIVES July 6, 2018 Mr. Stivers introduced the following bill; which was referred to the Committee on Ways and Means July 19, 2018 Additional sponsors: Mr. Gonzalez of Texas , Mr. Collins of Georgia , Mrs. Walorski , Ms. Sinema , Mrs. Lesko , and Ms. Velázquez July 19, 2018 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed Strike out all after the enacting clause and insert the part printed in italic For text of introduced bill, see copy of bill as introduced on July 6, 2018 A BILL To amend the Internal Revenue Code of 1986 to allow the carryforward of health flexible spending arrangement account balances.

1. Short title This Act may be cited as the Responsible Additions and Increases to Sustain Employee Health Benefits Act of 2018 . 2. Carryforward of health flexible spending arrangement account balances (a) In general Section 106 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: (h) Carryforward of health flexible spending arrangement account balances A plan shall not fail to be treated as a health flexible spending arrangement under this section or section 105 merely because such arrangement’s account balance (or any portion thereof) determined as of the end of any plan year may be carried forward to the succeeding plan year. . (b) Coordination with limitation on salary reduction contributions (1) In general Section 125(i) of such Code is amended by redesignating paragraph (2) as paragraph (3) and by inserting after paragraph (1) the following new paragraph: (2) Coordination with carryforward of account balances The dollar amount otherwise in effect under paragraph (1) for any plan year shall be reduced by the excess (if any) of— (A) the amount of any account balance which is carried forward to such plan year from the preceding plan year, over (B) $500. . (2) Conforming amendments Section 125(i) of such Code is amended by striking taxable year each place it appears in paragraphs (1) and (3) (as redesignated by paragraph (1) of this subsection) and inserting plan year . (c) Coordination with cafeteria plan limitation on deferred compensation Section 125(d)(2) of such Code is amended by adding at the end the following new subparagraph: (E) Exception for health flexible spending arrangements Subparagraph (A) shall not apply to a plan to the extent of amounts in a health flexible spending arrangement which may be carried forward as described in section 106(h). . (d) Effective date The amendment made by this section shall apply to plan years beginning after December 31, 2018.

July 19, 2018 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed