New IRS Health FSA rules

The IRS recently announced the Health FSA’s can have up to a $500 carryover of unused accounts the the next plan year. This creates and exception to the long-established use it or lose it rule.

Your employer will be required to updated their plan to take advantage of the new rules, but at least you will have the opportunity to carryover your unsed portion to the 2014 tax year.

Check the IRS Website & for additional information about the new rule changes.