Sending Office: Honorable Vicente Gonzalez
Co-sponsor HR 1366,
the Responsible Additions and Increases to
Sustain Employee (RAISE) Health Benefits Act
Providing your constituents with more discretion in how they pay for the rising costs of healthcare, while also allowing them to save for future medical expenses.
This bipartisan and bicameral bill is sponsored by
Congressmen Vicente Gonzalez (D-TX-15) and Steve Stivers (R-OH-15) and Senators Kyrsten Sinema (D-AZ) and Roy Blunt (R-MO).
We frequently hear from our constituents how rising healthcare costs and current policies make it challenging for them to afford, and plan for, their families’ healthcare expenses. The RAISE Act addresses how Flexible Spending
Accounts (FSAs) are used. Currently, FSAs allow families to set aside money to pay for healthcare services and items that are not covered by insurance, such as: copayments, prescription drugs, medical supplies, vision and dental services. The unused money,
however, does not roll over to the next year, making the process of saving money for large medical expenses practically impossible.
The current cap on annual contributions to an FSA is $2,700. This arbitrary cap does not reflect the reality of healthcare costs that families face today and undermines the economic benefits of allowing families to use FSAs to build up funds for medical needs. The
RAISE Act addresses this by:
* Eliminating the “use it-or-lose it” rule, allowing families to hold onto their savings by rolling over all unused funds in a Flexible Savings Account in perpetuity.
* Allowing families an additional $500 in contributions per dependent after the first two dependents
* Increasing the current annual FSA contributions cap from $2,700 to $5,000 per year.
Groups in Support: American Association of Orthodontists, American Dental Association, American Association of Women Dentists, American Association of Oral and Maxillofacial Surgeons, Academy of General Dentistry, American Association
of Endodontists, American Society of Dentist Anesthesiologists, American College of Prosthodontists, National Dental Association, American Academy of Oral and Maxillofacial Radiology, American Academy of Oral and Maxillofacial Pathology, and American Academy
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