Flexible Spending Account
Questions and answers
Yes. Like general expense health care FSAs, limited expense health care FSAs have a grace period from January 1, 2015 through March 15, 2015. During this grace period, you can incur eligible expenses for your type of health care FSA and be reimbursed from your 2014 balance. This is the last grace period for health care FSAs.
If you enroll in a general expense or limited expense health care FSA for 2015, you will not have a grace period. Instead, you will be able to carry over up to $500 of unspent funds into another health care account in 2016.
If you enroll in a general expense or limited expense health care FSA for 2015, you will not have a grace period. Instead, you will be able to carry over up to $500 of unspent funds into another health care account in 2016.