Flexible Spending Accounts
Contributions may not exceed $2500 per year. The cap will be indexed for inflation going forward.
Medicare Payroll Tax increase:
Effective for tax years beginning after December 31, 2012, an additional 0.9% hospital insurance (HI) tax is imposed on wages in excess of $250,000 for married taxpayers filing a joint return, $125,000 for married taxpayers filing separately, and $200,000 in all other cases (single or head of household).
STATE BASED EXCHANGES:
All employers will be required to provide notices to their employees about the existence of these programs.