IRS Changes Health FSA "Use-or-Lose" Rule; Clarifies Transition Relief for 2013-14
By EsqSocial Corporation 13/11/13
On October 31, 2013, the Internal Revenue Service (IRS) released Notice 2013-71 (Notice), which modifies the "use or lose" rule for health flexible spending accounts (health FSAs) to allow a $500 annual carryover of unused contributions, provided...
By: Proskauer Rose LLP