What is a Dependent Care Account?
What is a Limited Purpose FSA?
Comparison of Benefit Accounts
Which FSA plan year account will be used first during the run-out period—the new plan year election or the carryover amount from the current plan?
Any new plan year funds will pay first and the carryover funds will pay second. Employees get the best use of their funds by having the new plan year pay first, and the carryover funds pay second.