Use-or-Lose Health FSAs Rule is Modified

The U.S. Department of the Treasury and the IRS issued a notice modifying the longstanding “use-or-lose” rule for health flexible spending arrangements (FSAs).  At the plan sponsor’s option, employees participating in health FSAs will be allowed to carry over up to $500 of unused amounts remaining at year-end.

For the full article please visit:  http://www.treasury.gov/press-center/press-releases/Documents/103113FSA%20Fact%20Sheet.pdf

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