Important Reminders
The Health Care FSA (HCFSA) and Limited Expense FSA (LEXFSA) allow you to carry over up to $500 into the 2019 Benefit Period. If you have more than $500 left in your account, the unused funds that aren't carried over will be forfeited after April 30, 2019.
To be eligible for carryover, you must meet the following requirements:
- Active participant on the last day of the 2018 Health Care FSA and Limited Expense Health Care FSA plan year, with a remaining balance.
- Re-enrolling in either a Health Care FSA or the Limited Expense Health Care FSA during Open Season for the 2019 Benefit Period.
The carryover amount is available at the beginning of the 2019 Benefit Period. Claims with dates of service incurred during 2019 first are reimbursed from the 2019 Benefit Period. Once the 2019 account is depleted, claims with 2019 dates of service will pay from the carryover balance, until the prior year deadline.
To allow for reimbursement of proper year expenses claimed by the April 30 deadline, the carryover balance will be moved to the current year account in late May.
The Dependent Care FSA (DCFSA) allows you to continue spending your 2018 funds until March 15, 2019. Make sure you submit all eligible expenses incurred through March 15, 2019. Any funds remaining in your account after April 30, 2019 will be forfeited.
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