FSA Carryover vs Grace Period
Thinking about Flexible Spending Account deadlines can be stressful. But, last year the IRS and U.S. Treasury Department changed FSAs to make them a little more flexible. Flexible Spending Account plans now have two possible extensions – a carryover and a grace period. Employers can choose to select either option, but not both.
Listen to our video to better understand the $500 carryover vs. an FSA grace period to maximize your FSA plan. And, you can browse FSAstore.com for thousands of FSA eligible products.