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

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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 , , , ,

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