Frequently Asked Questions

Can I use my FSA to prepay an expense or pay an expense for next year/from last year?
02/10/2017
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No. Flexible spending accounts (FSAs) are "reimbursement" accounts by definition. An expense is not considered "incurred" until the service has been rendered, not when billed or paid. FSA funds can only be used to reimburse expenses incurred in the same plan year.