What are the risks of participating in a health care or dependent care FSA?
FSA dollars are “use-it-or-lose-it” funds. In 2022, account balances greater than $570 cannot be carried over from year to year. If you have any unused funds exceeding the limit at the end of the plan year (end of the grace period), those funds will be forfeited per IRS requirements.
Categories: CDHP with HSA or HRA, EPO, Flexible Spending Account (FSA), HMO, LD