Nicholas Pension Consultants
Nova 401(k) Associates
Compensation Strategies Group, Ltd.
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|New Retirement Medical Account Proposal Would Create Lucrative Tax Shelter, Swell Deficits|
Center on Budget and Policy Priorities
Apr. 19, 2004
Excerpt: Some Members of Congress, including Senate Majority Leader Bill Frist, have recently expressed support for a new health tax-cut proposal. The proposal, which would create new Retirement Medical Benefit Accounts (RMBAs) and was apparently designed by Fidelity Investments, first surfaced during negotiations last fall over the Medicare prescription drug legislation.
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