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Showing results for tags 'FSA carryover'.
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An IRS Chief Counsel Advice memorandum (2014-13005) provides that a cafeteria plan can permit employees who have leftover general purpose FSA amounts to elect to roll up to $500 over into a limited purpose FSA for the next plan year and therefore be able to contribute to an HSA for that plan year. Can the opposite be done?: An employee participates in an HDHP/HSA and limited purpose FSA in 2015. The employee elects not to participate in the HDHP for 2016 and wants to rollover $500 from the limited purpose FSA into a general purpose FSA for 2016. Can a cafeteria plan so permit? Thanks.