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Welcome to the Snell & Wilmer Benefits Blog. We will be posting about current employee benefits and executive compensation topics and issues. We invite you to contact the authors with your thoughts or questions.Blog Contributors
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Carryover Confusion: Chief Counsel Clears Up Rules on Health FSA Carryovers
Earlier this year, I blogged about how the IRS modified the health flexible spending account (“health FSA”) “use-it-or-lose-it” rule to allow carryovers of up to $500 to subsequent plan years. This rule change caused some confusion. Employers were asking, “what … Continue reading
Posted in Employee Benefits, Health & Welfare Plans
| Tagged Carryover, HDHP, Health FSA, HSA, IRS, Use-it-or-Lose-it
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Don’t Lose Your Money – Employers Can Now Allow Their Employees to Carryover up to $500 of their Health FSA
Late last year, the IRS announced that it was modifying the health flexible spending account (“health FSA”) “use-it-or-lose-it” rule. Prior to the change, employees had to use the full balance of their health FSA by the end of the plan … Continue reading
Posted in Employee Benefits, Health & Welfare Plans
| Tagged Carryover, Health Care, Health FSA, IRS, Use-it-or-Lose-it
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