01 December 2014

Rollover funds may be available in your FSA

fsa

FSA Rollover funds use it or loose it.

 

Are you worried about the use it or lose it rule with your FSA account?

It is a little know fact  that many companies allow account holders to roll over up to $500 of unspent money into the following year.  Now that open enrollment for FSA is in progress,  employees should review their current FSA balance for this year and check with their about the extension to use any leftover funds through the early part of 2015.

Not all companies participate in the rollover program, and the ones that do may have different deadlines by which the funds must be used. Be sure to check with your company to see if you can use this benefit.

 

If you need more information about FSA, you can find it here


Leave a Reply

Your email address will not be published. Required fields are marked *

No Comments