Last month, Congressmen John Larson, D.Conn.,and Charles Boustany, R-La., introduced the Medical Flexible Spending Account Improvement Act (H.R. 1004), a bill that would end the unpopular flexible spending account (FSA) “use it or lose it” provision and instead allow FSA participants to withdraw and pay taxes on any remaining funds in their accounts at the end of the plan year.

An end to the forfeiture rule, from my perspective, would be a win-win for plan participants and employers alike. Let me tell you why.

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