Premier Plan Consultants
Wespath Benefits and Investments
Trucker Huss, A Professional Corporation
Carpenter Morse Group Inc.
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|IRS Provides Relief for the Flexible Spending Account 'Use It or Lose It' Rule|
McDermott Will & Emery
May 24, 2005
Excerpt: With the advent of health savings accounts and other types of consumer-directed health plans, there has been increasing pressure on the Internal Revenue Service (IRS) to eliminate its twenty-year-old 'use it or lose it' rule applicable to health and dependent care flexible spending accounts (FSAs) under cafeteria plans. .... The IRS has done just that with the issuance of IRS Notice 2005-42.
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