Flexible Spending Account Reminder

02/02/15

Contributed by Julie Tinkham

For those of you who participated in a HealthCare or Dependent Care FSA for 2014 this is a reminder that FSA dollars are "use-it-or-lose-it" funds. Account balances are not carried over from year to year. If you had any unused funds at the end of the 2014 plan year, those funds will be forfeited. That's an IRS requirement.

You have until March 31, 2015 to submit your 2014 FSA claims. Please note, this is not a postmarked date it is truly a received date. Claims received on April 1, 2014 or later will be denied and will not be processed. 

du/hr/benefits/individualchoice/flexiblespendingaccounts/

 

 

 

1 Comments



https://www.ithaca.edu/intercom/article.php/20150130162254584