Notice 2020-33, page 868.

This notice increases the $500 limit for unused amounts remaining in a health FSA that may be carried over into the following year by making the carryover amount 20 percent of the maximum salary reduction amount under § 125(i), which is indexed for inflation. For 2020, the carryover amount will increase to $550. The notice cross references Notice 2020-29 for guidance on how a § 125 cafete

Finding Lists begin on page ii.

ria plan may be amended to allow prospective health FSA election changes for the 2020 calendar year. Regarding individual coverage HRAs, this notice also provides clarification regarding reimbursement for premium expenses occurring prior to the beginning of the plan year (generally addressing the need to pay the premium for January health insurance coverage in December of the previous year).