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Board approves $500 health FSA carryover after staff recommendation
Summary
The San Francisco Health Service Board approved allowing employees to carry forward up to $500 in health flexible spending accounts, adopting staff recommendation that forfeitures will cover administrative costs for several years and directing communications to members.
The San Francisco City Health Service Board voted unanimously to allow employees to carry forward up to $500 in health flexible spending accounts (FSAs), adopting a staff recommendation grounded in new IRS guidance.
Deputy Director Pamela Levin told the board the IRS issued guidance in October that permits employers to allow a $500 carryforward for health FSAs. Levin said the board’s options included the current 90‑day run-out, a grace period (which the staff avoids because of administrative burden)…
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