Frequently Asked Questions

Can the carryover (rollover) amount accumulate each plan year?

The carryover for a flexible spending account (FSA) is not cumulative. At the end of each plan year, up to $500 of unused funds may be carried over for use in the next plan year. The carryover amount can never exceed $500. Any unused funds in excess of $500 at the end of the plan year will be forfeited.