What Is The Fsa Carryover For 2024. The health care fsa carryover is effective for the amount carrying over from a plan year beginning in 2024 to the following plan year. The irs has just announced updated 2024 fsa contribution limits, which are seeing modest increases over 2023 amounts.
In general, an fsa carryover applies to only medical fsas. Employers providing health fsa plans to their employees can elect either the annual carryover option or extended grace period option, but not both.