Time is running out to spend your Health Care Flexible Spending Account (FSA) or Health Reimbursement (HRA) dollars on approved medical expenses.
Employees have until Dec. 31 to use their FSA/HRA on doctors’ office visits, prescription copays, eyeglasses and contacts, dental work and many other health expenditures. For a complete list of eligible purchases, please refer to ASI Flex.
All documents and supporting receipts are due on or before March 31, 2018.
In addition, you may be able to roll over some of your unspent 2017 funds into 2018. Employees can carry over up to $500 into their 2018 Health Care FSA or HRA. The $500 is a combined amount for the FSA and the HRA. This IRS guideline applies to employees not enrolled in a high deductible health care plan.
If you are not sure how much you have left in your FSA or HRA, check your account balance through ASI Flex’s website.
Reminder: Dependent Care Flex Spending Account dollars do not carry over
For more information on the Department of Human Resources’ Benefits division, visit their website on InSite.