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IRS Changes Health FSA "Use-or-Lose" Rule; Clarifies Transition Relief for 2013-14

March 2017

On October 31, 2013, the IRS released Notice 2013-71, which modifies the "use-or-lose" rule for health flexible spending accounts (FSAs) to allow a $500 annual carryover of unused contributions, provided the FSA does not incorporate the "grace period" rule.

To learn more about the impact of this and other health care reform decisions, please visit Peel & Holland University, where we have posted a document titled IRS Changes Health FSA "Use-or-Lose" Rule; Clarifies Transition Relief for 2013-14.

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