In October 2013, the Department of Treasury announced a modification to the so-called FSA “use it or lose it” clause to allow a limited rollover of unused FSA funds at the end of the plan year. This change effectively eliminated one of the top consumer-cited barriers to FSA enrollment – a fear of losing their money. Immediately following news of the FSA rollover policy change, employers, health plans, and third party benefit administrators scrambled to grasp its implications and communicate with stakeholders. However, the timing of the policy change left little time to amend plans – which was a deterrent to adoption for many FSA administrators and plan sponsors.
With another ten months of insight and a new enrollment cycle ahead, join us as we discuss the FSA rollover allowance, implications, early results, and potential upside:
During this session, we’ll share original consumer research, aggregated enrollment data from across the Alegeus book of business, and first hand perspectives from Alegeus clients and thought leaders.
- What has been the business impact for employers, health plans & third party administrators managing FSAs?
- What do consumers think about the rollover allowance?
- With mid-year enrollment cycles behind us, what's the degree of employer adoption to date?
- For employers that have adopted, what has been the impact on FSA enrollment and contributions?
- With open enrollment looming, how can FSA stakeholders leverage rollover to save money and improve FSA program success?
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