Flex spending account grace period available through March 15

By on February 6, 2018

If you have not used all of the money in your 2017 Flexible Spending Account (FSA), don’t worry—you still have time.

The state’s FSAs feature an annual grace period that enables participants to continue to use medical and dependent care accounts for eligible expenses through March 15.

All 2017 expenses must be incurred by the end of the grace period—March 15—or the IRS “use-it-or-lose-it” rule will apply. Claims for 2017 expenses must be filed by the final filing date of April 15, 2018.

Questions regarding FSAs should be directed to the administrator, Chard Snyder, by calling 855-824-9284 or emailing FloridaAskPenny@chard-snyder.com.

Posted in: Benefits