Impacts of Health Care Reform on Flexible Spending Accounts
Almost every American is going to be affected by the new changes brought into law under the Health Care Reform Legislation. One of the most notable changes that will affect thousands is the alterations that have been made concerning Flexible Spending Accounts.
Children Aged up to 26
Health Care
One of the biggest new changes is the new requirement that any group health insurance plan now needs to cover children aged up to 26 years old. This new change will apply to any plan years beginning on or any date after the 23rd September 2010. Note that the majority of plans however, are based on a calendar year and so they won’t be required to start covering these adolescents until the 1st January 2011.
