We were pleased to see that the $500 rollover rule was implemented this year and hope that it is just a step in the right direction to eliminate the use-or-lose rule entirely. - Jamie Spriggs, CEO of ConnectYourCare
Hunt Valley, MD (PRWEB) November 12, 2013
ConnectYourCare, one of the nation's leading sources for consumer-directed health care account solutions, will hold a webinar this Thursday, Nov. 14, 2013 to help employers better understand how the new rollover provisions for flexible spending accounts will affect their businesses, as well as to aid them in determining whether to offer this healthcare option to their employees.
The U.S. Department of the Treasury and the Internal Revenue Service recently announced a major change to the "use-or-lose" provision, which previously required FSA accounts to be emptied at the end of each year or contributions would be forfeited. Now, account holders can carry over up to $500 in FSA funds to use in the following calendar year.
Harrison Stone, Esq., in-house counsel, and Barbara Boudreau, senior vice president of member experience for ConnectYourCare will be answering questions during the free and interactive webinar to help employers understand the latest changes to FSA policy.
“ConnectYourCare has been a long-term opponent of the use-or-lose rule for FSAs because people should be able to keep the money that they have earned and set aside for healthcare,” said Jamie Spriggs, CEO of ConnectYourCare. “We were pleased to see that the $500 rollover rule was implemented this year and hope that it is just a step in the right direction to eliminate the use-or-lose rule entirely.”
The webinar will take place between 3:00 p.m. and 4:00 p.m. EST, and will cover details about the rollover provision, as well as interpretations, legal implications, and best practices for rollout.
Employers, health plan brokers and third-party administrators can get the answers they need about changes to FSA provisions by attending the webinar. Click here to register.
ConnectYourCare's consumer-directed healthcare benefit delivery platform provides a pathway for migration to account-based health plans, supplying tools for consumers to better manage their healthcare dollars. ConnectYourCare's core strategy is based upon providing stewardship to its customers by helping them simplify complex health benefit concepts, motivate individuals to act and execute a successful solution, resulting in long-term health benefit cost containment. Please visit ConnectYourCare.com for more information.