As a reminder, FSA accounts operate on a calendar year basis. Any available funds in your account must be used by December 31, 2023! Funds DO NOT ROLL OVER to the following year- there is no carryover provision on the FSA. Any unused funds left in your account at the end of the calendar year will be forfeited.
There is a 90-day run-out period after the end of the plan year (January -March) that allows participants an opportunity to submit receipts and reimbursement requests for out of pocket expenses incurred within the 2023 calendar year. If you paid for an eligible expense out of your own pocket, you can submit a claim for reimbursement online. You should include appropriate documentation to support your claim(s), such as itemized receipts or an explanation of benefits from the insurance company. Click here to learn more about how you can submit your claim for reimbursement. You can obtain a claim form here.
Looking for ways to spend your remaining FSA funds?
Don’t lose money in your Health FSA! There are many qualified medical expenses in which you can spend any remaining FSA funds. You can view a list of eligible expense items here.
Check out the new FSA Store on the PayFlex site. This program gives you access to exclusive discounts, tools, and services that bring additional value to your FSA beyond tax savings alone. The FSA Store provides a comprehensive selection of over 2,500 FSA eligible services and products that you can use your FSA dollars towards. Products are 100% eligibility guarantee with no substantiation or receipt requirement.
Check your account balance, track expenses, submit claims for reimbursement, and view upcoming deadlines by logging into your PayFlex member online account or mobile app. You can contact PayFlex Help & Support for assistance at 800.284.4885.
Additional information about Flexible Spending Accounts can be found online here.
If you have questions or need additional information, contact Human Resources at 256-824-6640.
