Washington, D.C. — The Supreme Court’s decision upholding the Affordable Care Act (ACA) reaffirms the need for employer-based plans to operate efficiently and effectively to provide the most valuable coverage possible to employees through flexible benefit and individual account plans, and the Employers Council on Flexible Compensation remains committed to advocating for these tax-advantaged accounts.
ECFC believes the ACA creates an environment in which the Administration should exercise its authority to dispense with some archaic benefit regulations, such as the flexible spending account (FSA) “use it or lose it” rule. “To this end, ECFC believes that flexible compensation and individual account plans–including FSAs, Health Reimbursement Arrangements (HRAs), and Health Savings Accounts (HSAs)–are more important than ever to ensure that employees and employers get the maximum value for their benefit dollars. ECFC looks forward to continuing its work to promote the availability of such arrangements employers and their employees,” says Dennis Triplett, chair and president of the Employers Council on Flexible Compensation.
Information provided courtesy of the Employers Council on Flexible Compensation (ECFC), of which Glynn Griffing & Associates, Administrators is a proud member.