Smilage Dental Center News
Good News: Flexible Spending Rules Eased

If you put money into your healthcare flexible spending accounts (FSA)* annually, then you most likely will be happy to hear that the "use it or lose it" rule is being modified by the Treasury Department.  The modification is a direct response to an overwhelming amount of public commentary and it allows for either a $500 of rollover to the following year or a grace period for utilizing your remaining funds.  Which one applies will be up to your employer's discretion, but still good news for many struggling to find ways at the end of each year to utilize any unused money you've set aside from your hard-earned paycheck for those unforseen medical expenses.



* Flexible spending accounts (FSAs) are accounts employees contribute before-tax dollars to for eligible healthcare expenses.