More time to spend FSA funds.

• Position: DEADLINE EXTENDED - Flexible Spending Arrangements - Brief Article

Notice 2005-42 issued by the Treasury Department and IRS will allow employers to modify Flexible Spending Arrangements to extend the deadline for reimbursement of health and dependent care expenses up to 2.5 months after the end of the plan year.

Under the old rules, any unspent funds by employees at...