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Posted by / 31-Oct-2019 21:53

You will be given the opportunity to submit claims for expenses that were incurred while you were still employed.

You typically have 30 days from your date of hire to enroll in the FSA program.

Expenses reimbursed under an FSA must be incurred during the member's period of coverage under that FSA: Expenses are treated as having been incurred when the member is provided with the care or service that gives rise to the expenses, not when the member is formally billed or charged or pays for the care or service.

Expenses are not treated as incurred during a period of coverage if such expenses are incurred before the later of the following: 1. the date the member first becomes enrolled in the FSA.

Expenses incurred after the date of separation will not be honored unless the expenses are for a Dependent Care FSA Plan, in which case the IRS permits reimbursement for expenses incurred through the end of plan year up to the amount you contributed.

Depending on the situation, you may have the option to elect to continue participation in the Medical FSA Plan by making COBRA payments to your employer. If you take a leave of absence while enrolled in the FSA plan, you have the option of either opting out or continuing in the Plan.

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