Summary: S.503 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.503. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (02/14/2019)

Responsible Additions and Increases to Sustain Employee Health Benefits Act of 2019

This bill modifies the tax exclusion for distributions from health flexible spending arrangements provided to employees under a cafeteria plan to (1) increase the annual limit on employee salary reduction contributions to $5,000, with an additional $500 for each additional employee dependent above two dependents that has not been taken into account by another person for the year; (2) revise the adjustment for inflation after 2019; and (3) allow a carryforward into the next year for unused amounts in such plans.