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Use it or Lose it Modified - The U.S. Department of the Treasury and the IRS issued a notice last week modifying the longstanding “use-or-lose” rule for Health Flexible Spending Accounts (Health FSAs). As you may know, the “use-or-lose” rule refers to the Internal Revenue Code Section 125 requirement that provides that any unused balances at the end of a plan year must generally be forfeited. According to today’s notice, the intent of the modification is “to make health FSAs more consumer-friendly and provide added flexibility.”