Workforce Bulletin

I recently coauthored a Client Alert, “IRS Chips Away at the FSA 'Use-or-Lose' Rule” with Jeffrey Lieberman, one of my colleagues in the Employee Benefits practice at Epstein Becker Green.

The following is an excerpt:

Under new guidance issued by the Treasury Department and Internal Revenue Service, Section 125 cafeteria plans can be, but are not required to be, amended to allow up to a maximum of $500 of unused amounts remaining at the end of a plan year in a participant’s health flexible spending account to be carried over to the next plan year and used to reimburse the plan ...