Frequently Asked Questions

If I have a balance in my account at the end of the plan year, will the funds roll over into a subsequent plan year?
02/10/2017
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Depending on how your employer's plan is set up, it is now possible to have up to $500 of unused funds roll over into the next plan year. Effective October 2013, the "use it or lose it" rule (which specified that any unused health flexible spending account (FSA) funds were forfeited at the end of the plan year) was modified to allow for a limited rollover of FSA funds. Under this modification, an employer may opt to allow for a rollover of up to $500 for healthcare FSAs, in lieu of a grace period.

Please check with your employer to verify the specific rules for your plan, and to see whether you have the option to rollover your FSA dollars.