Monday, November 4, 2013

Tip Tuesday! FSA Use-It-or-Lose-It-Rule Modified

By Stephen Miller, CEBS

IRS permits carryover of $500 annually; employers must end grace period to allow rollover

Health flexible spending accounts (FSAs) are becoming more flexible. New federal guidance permits employers to allow workers to carry over unused amounts of up to $500 for expenses in the next year and still contribute up to $2,500 annually.

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