Health FSA Use-It-Or-Lose-It Rule Modified to Allow a $500 Carryover

The IRS will now permit companies to amend their cafeteria plans to allow participants in health FSAs who do not use all of the money in a plan year to use up to $500 in the next plan year, in addition to the regular $2,500 limit during the succeeding year.

Source: http://feedproxy.google.com/~r/AICPA_TaxAdvisor/~3/sZCiGkYR6zg/20131101.aspx

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