FSA Use It or Lose It Rule Modified
On October 31, 2013, the IRS announced a modification to the nearly 30 year old "use it or lose it" rule for flexible spending arrangements ("FSAs"). A carry forward of up to $500 a year now will be permissible starting (subject to some conditions) with the 2013 plan year. Click here to view the IRS announcement and click here to view the related IRS fact sheet. Please contact Jan Marsh (678.336.7135) if you would like to discuss this modification to the "use it or lose it" rule for FSAs.
- Employee Benefits and Executive Compensation