CBO Socres the Senate Version of the AHCA

The Congressional Budget Office and the staff of the Joint Committee on Taxation (JCT) have completed an estimate of the direct spending and revenue effects of the Better Care Reconciliation Act of 2017, a Senate amendment in the nature of a substitute to H.R. 1628. CBO and JCT estimate that enacting this legislation would reduce the cumulative federal deficit over the 2017-2026 period by $321 billion. That amount is $202 billion more than the estimated net savings for the version of H.R. 1628 that was passed by the House of Representatives.

Medical FSA 101

To continue our series of commonly used acronyms in insurance, this post will be about FSAs.  Flexible Spending Accounts/Arraignments are similar to HSAs where you can use the pre-taxed money to pay for medical and dental expenses.  There are different types of FSAs. However, today I will only be covering FSAs for medical expenses.