S.966 - Medical FSA Improvement Act of 2013113th Congress (2013-2014)
Summary: S.966 — 113th Congress (2013-2014)
Introduced in Senate (05/15/2013)
Medical FSA Improvement Act of 2013 - 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.