Cafeteria Plan Carryover

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Cafeteria Plan Carryover

Category : Employment Law

The IRS has modified the health flexible spending account use it or lose it rule. The new rule permits the modification of cafeteria plans to allow the carryover of $500 from a prior plan year or a 2 1/2 month carryover but not both. Has your cafeteria plan been modified to allow employees to take advantage of this rule change?