May 12, 2020
Unused funds stay through year-end, next year's health care rollover amount increases, plus newly eligible expenses
In an announcement from the IRS shared on May 12, 2020, the IRS Notice 2020-29 allowed employers to provide relief for employees with flexible spending accounts that experienced disruption due to COVID-19. For example, employees who set aside money in their FSA for a scheduled surgery could not spend it because “nonessential” medical services were postponed.
