What happens at the end of the year if all my FSA dollars are not spent?
-
UnitedHealthcare answered:Federal law requires that a flexible spending account (FSA) has a "use it or lose it" rule. This means that if you do not use all the money in your FSA during the plan year, you will lose that money. It cannot rollover into the next year. Some employers will offer additional time called a grace period. The grace period gives you an additional two and a half months to use your FSA money.
Review your plan documents to learn more about your options.
Federal law requires that a flexible spending account (FSA) has a "use it or lose it" rule. This means that if you do not use all the money in your FSA during the plan year, you will lose that money. It cannot rollover into the next year. Some... More

