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For Clients: New FSA “Use-it-or-Lose-it” Provision Announced

Last week, the Department of Treasury issued a press release and informational fact sheet announcing a major policy change relating to flexible spending accounts (FSAs) that has many positive implications for all FSA participants. The Department of Treasury has modified its FSA “use-it-or-lose-it” provision to allow a limited rollover of FSA funds.

For Brokers: New FSA “Use-it-or-Lose-it” Provision Announced

Last week, the Department of Treasury issued a press release and informational fact sheet announcing a major policy change relating to flexible spending accounts (FSAs) that has many positive implications for all FSA participants. The Department of Treasury has modified its FSA “use-it-or-lose-it” provision to allow a limited rollover of FSA funds.

HRA/FSA Update

On Sept. 13, 2013 the Internal Revenue Service and U.S. Department of Labor issued Notice 2013-54 and Technical Release 2013-3, respectively, which “clarify” some of the rules as they relate to Health Reimbursement Arrangements (HRA) and pre-tax contributions for certain benefits.

Please see the following release highlights, which aren’t meant to be a thorough analysis, but rather a way to answer some of the questions that The Harrison Group has received since September.

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