If you have an active Beniversal Card at the time of the rollover, funds will be available on the card.
No. If you are eligible to enroll in a Medical FSA in the next plan year and decide not to, you are still eligible to
Yes. The amount of your rollover does not affect the amount that you can elect for your current plan year Medical FSA. (e.g. If you
The minimum Medical FSA amount that you can rollover is designated in your Plan Highlights. Any funds that do not rollover are forfeited.
A temporary ruling from Congress has allowed employers the option to allow Dependent Care FSA to rollover from plan years ending in 2020 into 2021
Effective July 1, 2021, FSA rollover funds will be made available to plan participants two business days after the 15th of the month following the
The rollover amount is based on the remaining Medical FSA balance; not the remaining Medical FSA election.
Notice 2013-71 modifies the use-or-lose rule to allow participants to rollover up to $500 into the next Plan Year. Note: The IRS does not require
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The Beniversal and eTRAC Prepaid Mastercards are issued by The Bancorp Bank pursuant to license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of, Mastercard International Incorporated. The Beniversal and eTRAC cards are accepted at qualified merchants accepting Debit Mastercard. The Bancorp Bank; Member FDIC.
HSA Custodial Services are provided by a separate financial institution. See your HSA Account Agreement for specific account terms.
