Rollovers Allowed for Flexible Spending Accounts

Friday, 01 November 2013 | by Pat's Picks

The Treasury Department is ditching the use-it-or-lose-it policy for flexible health spending accounts. You’ll now be able to carry over $500 at the end of the year. The accounts allow you to use pre-tax income to pay for health care costs, but the old policy forced taxpayers to forfeit whatever unspent funds remained in the account or go on an unnecessary spending spree at the end of the year.

SOURCE: USA Today