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| IRS and Treasury Extend the FSA Use-It-or-Lose-It Rule Mintz Levin Cohn Ferris Glovsky and Popeo P.C.  May 23, 2005 Excerpt: For years, Congress and industry associations have prevailed upon the government to eliminate or at least liberalize the use-it-or-lose-it rule. With the issuance of Notice 2005-42, qualifying medical or dependent care expenses incurred within two and a half months of the close of a plan year may be reimbursed with unused FSA dollars from the immediately preceding plan year. |
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