The IRS announced a modified “use-it-or-lose-it rule” in late October that could allow employers to change their plans to allow for up to a $500 to roll over from year to year.
Since the change was announced so late in the year, the BMC Benefits team is still working through the implementation of this change. Watch your email for the formal announcement from BMC Benefits.
2013 FSA Reminder: Check your current FSA balances and be sure to spend any unspent money before December 31, 2013. The “use-it-or-lose it” rule still applies to money you contributed to your 2013 FSA. You have until March 31, 2014 to claim your 2013 expenses.
MyBMC Rewards provides a snapshot of your pay, retirement benefits, health and insurance benefits and corporate programs. Visit MyBMC Rewards to:
Go online anytime or call 877-262-4849. Representatives are available from Monday through Friday, 8 a.m. to 9 p.m., Eastern time.
From enrollment reminders to important 401(k) information and benefits updates, you can be the first to know when your attention or action is required.