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Does the rollover amount affect a participant's ability to elect the maximum allowable amount for the following plan year?

Written by Aimee Reynard
Updated 6 months ago

No. Even if funds are rolled over from a previous plan year, a participant can still elect up to the maximum FSA contribution amount allowed under their plan.

For instance, if a participant rolls over $550 from the 2020 plan year, and their employer allows them to make a $2,750 FSA contribution for the 2021 plan year, they can still elect the full $2,750 and roll over $550 from the prior year.

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