Technical Bulletin-IRS Clarifies Two Rules for Health FSAs
Published on 04/14/2014
The IRS recently released two Chief Counsel Memoranda clarifying rules for health FSAs. One memorandum describes the interaction between a health flexible spending account (“FSA”) with a carryover provision and the individual’s eligibility for a health savings account ("HSA"). The second clarifies correction procedures for improper health FSA claim payments.