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Old 11-10-2012, 04:43 PM
SydneyK SydneyK is offline
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Quote:
Originally Posted by AGDee View Post
It also rolls over from year to year and you don't have to use it that year.
The specifics for this likely vary from employer to employer. While mine allows you to carry over from year to year, there is a cap. If the cap is $2000, and you elect $1500 for this year and plan to carry over $1000 from last year, you're essentially losing $500. There's also a date by which the $ has to be used (at my university, anyway), so it's wise to familiarize yourself with the specific limitations of your HRA.
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