If you offer an HSA, you can choose to extend your carry-forward rule by an additional 12 months. This applies to all types of HSAs with unused credits expiring between March 15 and December 31, 2020, including:
- balance carry-forward,
- expense carry-forward, or
- no carry-forward
This change can prevent plan members from losing credits due to reduced access to health and dental providers and services during the pandemic.
Let us or your Advisor know if you want to extend the carry-forward rules for your HSA. We can do this for you at the end of your benefit year. Your booklet shows the benefit year specific to your plan. We can also provide reports to confirm the unused credits to carry forward for all members.
Questions? We’re here to help.
For Clients with less than 50 employees, please contact your Client Service Administrator at 1-877-786-7227.
For Clients with more than 50 employees, please contact your Sun Life Group Benefits representative.
