IRS Changes to FSA “Use-it or Lose-it” Rule

This afternoon, the IRS and U.S. Department of Treasury have issued a n-13-71 modifying the healthcare flexible spending account (FSA)’s “Use-it or Lose-it” rule. Effective immediately, employers that offer FSA programs that do not include a grace period will have the option of allowing employees to rollover up to $500 of unused funds at the […]