This means that if you have money left in your fsa at the end of the plan year in 2024, for any reason, you can keep. In 2024, you can carry over up to $640 (up from $610 in 2023).
Employers can offer employees participating in health flexible spending accounts (fsas) and dependent care fsas greater flexibility for rolling over unused. The irs confirmed that for plan years beginning on or after jan.
My Understanding Is New Contribution Is For 2024, Rollover (Leftover) Amount Is For 2023.
2023 & 2024 flexible spending account (fsa) basics:
A Flexible Spending Account Lets Individuals Put Aside Pretax Dollars To Cover Qualified Medical Expenses.
How do fsa contribution and rollover limits work?
Images References :
For 2024, You Can Contribute Up To $3,200 To An Fsa.
This is an increase from $3,050 in 2023.
A Rollover Allows Employees To Carry Over Unused Fsa Funds To The New Plan Year.