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HOLIDAY SCHEDULES:

Cypress Business Hours for November will remain the same, except that our offices will be closed on Thursday, November 28, and Friday, November 29, for the holiday.
We plan to distribute Cypress Solution eNews only once during the month of December.

We wish you and your families a Happy and Safe Thanksgiving Holiday!

In This Issue:

Changes Provide Options to Health FSA "Use-or-Lose" Rule by Allowing Carryover

Changes Provide Options to Health FSA "Use-or-Lose" Rule by Allowing Carryover

According to new agency guidance, employers may now allow employees to carry over a limited amount of unused dollars in a health flexible spending arrangement (FSA) to use in the following plan year. This is made possible through optional amendments to an employer's cafeteria plan. Learn more about carryover dollar limits, implementation guidelines, how the new provision affects "use-or-lose" grace periods and more.

If you have any questions or are looking for solutions, please feel free to contact us. We are happy to help!

Sincerely,

Cypress Benefit Administrators