How can I allow my employees to carry LPFSA funds to the next year?
Choose the Carryover option during plan setup to allow your employees to roll over some of their LPFSA funds that remain after the runout period when they renew their plan. You can choose this amount, up to a limit of $550 (for 2020). Carryover amounts don't count toward the next year's annual contribution limit.
This option does not apply to Dependent Care FSAs.
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