Which of the following statements about FSAs is/are correct?

1. The FSA limit is $2,500 per year.

2. If claims are not filed by the 15th day of third month after the end of the preceding plan year (the grace period) the benefits are lost (use it or lose it).

3. As an alternative to the grace period, an unused amount of $500 may be carried forward (the carry over) into the new plan year and not affect the current plan year limit.

1 and 2.

1 and 3.

2 and 3.

1, 2 and 3.