It is a flexible spending account but must be used in conjunction with a high deductible medical plan. Balances can be rolled over. The final regs were just passed in late December.
Good info on EBIA's website -- they also have a webinar coming up on the topic.
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[url]www.ustreas.gov/press/releases/reports/1061hsafactsheet.pdf[/url]
The limits are higher than a 125, there's no section for child care and a quick read makes me think there are more requirements.
Good info on EBIA's website -- they also have a webinar coming up on the topic.