ECFC Timeline
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37 Years of Advancing Healthcare Consumerism

1982

The Tax Equity and Fiscal Responsibility Act (TEFRA) amends ERISA.

1983

Mobile phones introduced.

1984

Employers gain relief through Deficit Reduction Act. IRS introduces "Use it or lose it" rule.

1986

The Tax Reform Act establishes tighter non-discrimination rules for employee benefits.

1987

Proposed $500 cap on cafeteria plans is left out of Omnibus Budget Reconciliation Act.

1989

IRS provides relief with respect to 1989 W-2 reporting for dependent care expenses.

1990

World Wide Web is created.

1993

The Family and Medical Leave Act is introduced. ECFC efforts get favorable guidance in IRS regulations.

1996

Dolly, the first cloned animal is born.

1996

The Health Insurance Portability Act (HIPAA) imposes limits on stand alone FSAs and new privacy rules.

2000

Y2K bug fails to bite.

2001

IRS finalizes election change regulations, significantly expanding allowable changes based on ECFC input.

2002

HRS open new doors for health care consumerism. ECFC efforts with IRS and Treasury are recognized for changing adverse IRS position.

2003

The Medicare Prescription Drug, Improvement and Modernization Act passed. HSAs are created.

2004

Facebook is launched.

2004

ECFC efforts result in acceptance of electronic payment cards.

2005

After extensive efforts, IRS loosens "Use or Lose" provision for FSAs with the incorporation of the grace period.

2006

HSAs become more flexible with the added ability to contribute funds via health FSA rollovers and one-time HRA transfers.

2007

IRS proposes comprehensive regulations for cafeteria plans reflecting ECFC input.

2008

Apple unveils the first iPhone.

2010

Affordable Care Act is signed into law. Significant ECFC effort preserves FSAs and allows for COLA adjustment to $2,500 cap. Potentially harmful "Cadillac Tax" becomes focus.

2012

Private health insurance benefits exchanges emerge.

2013

After years of ECFC effort, IRS finally allows $500 carryover for health FSAs.

2015

"Cadillac Tax" is delayed.

2016

ECFC celebrates 35th Anniversary.

2016

The 21st Century Cures Act which allows for Qualified Small Employer HRAs (QSEHRAs) was enacted.

2018

"Cadillac Tax" is given another two-year delay.