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.
Registration is available here: http://www2.connectyourcare.com/e/29312/FSA-Rollover-Webinar/ppz/683829.
As people who can make sense of the evolving health care landscape, ConnectYourCare gives employers a fighting chance against skyrocketing health care costs—while offering employees a valuable benefit they use and appreciate to better manage health savings. Delivering ROI and efficiencies at every turn; giving individuals tools they can use to make better-informed choices, including our renowned service representatives; simplifying the entire process with market-setting technology solutions—and continually developing new features and options—these are the core competencies that have allowed us to grow a loyal and highly satisfied client base of organizations of every size. Learn more at connectyourcare.com.