The National Directory of Certified Public Accountants

Ask A CPA - Insurance

Is The Amount Of My Health Care Flexible Spending Account That I Did Not Use Get Carried Forward To Next Year ?

A flexible spending account allows employees to get reimbursed for medical or dependent care expenses from an account they set up with pre tax dollars. A use it or lose it rule applies. Any amount not used in the current year is lost and not carried over to the following year.

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