Participants in FSA’s can now roll over $500 of unused contributions to the next year. Makes the plan much more attractive for employees nervous about losing contributions. These contributions are also pre-tax–not a huge benefit given the relatively small amount, but helps a bit. With some planning, a significant portion (if not all) of annual co-pays, deductibles and uncovered expenses can be funded through an FSA.
Participants in FSA’s can now roll over $500 of unused contributions to the next year. Makes the plan much more attractive for employees nervous about losing contributions. These contributions are also pre-tax–not a huge benefit given the relatively small amount, but helps a bit. With some planning, a significant portion (if not all) of annual co-pays, deductibles and uncovered expenses can be funded through an FSA.
Here is a term I like. The Individual Mandate repeal was in the tax bill. Can anyone say now that Obamacare is now repealed?