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Increased Health Savings: Flexible Spending Accounts Expanded

This act raises the contribution limits for health flexible spending accounts (FSAs) and allows unused funds to be carried over to the next year. This means citizens can save more money for medical expenses and won't lose unspent amounts at year-end, making health-related financial planning easier.
Key points
Annual contribution limit for health flexible spending accounts (FSAs) increases from $2,500 to $5,000, with an additional $500 for each dependent beyond two.
Unused FSA balances can now be carried forward to the succeeding year, preventing forfeiture.
These changes apply to tax years beginning after December 31, 2021.
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Additional Information
Print number: 117_HR_1860
Sponsor: Rep. Stivers, Steve [R-OH-15]
Process start date: 2021-03-11
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Responsible Additions and Increases To Sustain Employee Health Benefits Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_1860.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-03-11.

What are the main provisions?

Key points include:

  • Annual contribution limit for health flexible spending accounts (FSAs) increases from $2,500 to $5,000, with an additional $500 for each dependent beyond two.
  • Unused FSA balances can now be carried forward to the succeeding year, preventing forfeiture.
  • These changes apply to tax years beginning after December 31, 2021.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Stivers, Steve [R-OH-15].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

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