Guest ConnieLawson Posted June 20, 2012 Posted June 20, 2012 I want to understand the new $2500.00 FSA limit. I take it to mean that any of our plans started before 2013 are not affected by the limit, is this correct?
Chaz Posted June 20, 2012 Posted June 20, 2012 I'm not entirely sure what you mean, but there are no "grandfathered" FSAs. All FSAs, regardless of when first effective, must comply with the rules in 2013.
masteff Posted June 20, 2012 Posted June 20, 2012 It may have been a typo but "plan year", not "plan". First bullet point on page one here: http://www.irs.gov/pub/irs-drop/n-12-40.pdf Kurt Vonnegut: 'To be is to do'-Socrates 'To do is to be'-Jean-Paul Sartre 'Do be do be do'-Frank Sinatra
SLuskin Posted June 26, 2012 Posted June 26, 2012 You are correct. If you have a plan that starts July 1, 2012, you can have a medical FSA cap of more than $2500. However, for the plan year which starts July 1, 2013, the plan will have to be amended to reduce that cap to $2500.
Guest odessa477 Posted September 4, 2012 Posted September 4, 2012 Yes. In the new $2500 limit plan, all those plans that were started viagra online before 2013 are not going to be affected.
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