ERIKSEN GROUP
phone
x x x
 

Blog

Archive for the ‘FSA’ Category

U.S. workers can carry over $500 of health spending accounts: Treasury

Friday, November 1st, 2013

Yahoo News reports:

“Americans who use flexible spending accounts (FSAs) for healthcare costs may now be able to carry up to $500 of expiring money into the next year, the U.S. Treasury said on Thursday.

For nearly 30 years, about 14 million families with FSAs faced a “use it or lose it” deadline of December 31 when the money in the account would expire.

Accountholders flush with cash at the end of the year would often scramble to spend their fund balance frivolously.

(more…)

Newsletter Signup

Free Consultation
image_questions
Change Your Broker
 
x x x