Make sure you spend the entire amount you set up for your FSA account in 2026 before your end date. Oracle legally can't do a thing about it.
https://legalclarity.org/irs-fsa-rules-for-terminated-employees/
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Make sure you spend the entire amount you set up for your FSA account in 2026 before your end date. Oracle legally can't do a thing about it.
https://legalclarity.org/irs-fsa-rules-for-terminated-employees/
They will keep all your FHA monies!!! The money you put in and the money they put in will be consumed by MDT after the 60 days. USE IT NOW! I lost 1200 dollars when I got laid off.
After 12/19 cut I now can’t seem to access my benefits or Fsa. Also stock. Anyone else have this problem and solved it? Thanks!
You don’t use to forfeit this money. I believe you can still use the FSA while on COBRA
Like, let's say your severance period ends on June 18, '26.
For MEDICAL, I have to have the date of service by before June 18 to count?
For a FLEX ACCOUNT, I assume there's a certain amount that has been funded by that date and then I have to have the expense incurred by that date? And how long do I have to get reimbursment?
For WELLNESS DOLLARS- I just have to do the activities by June 18?
I've found that benefits information / support is lacking for severed employees. The annual enrollment is by phone only (no online apparently) and there's nothing written that describes the specifics for how the final partial-year benefits work. Yeah I'm going to call but some of you have may have some interesting tidbits that my phone call won't uncover.
Was part of the Sept 22 impact with effective date Oct 3. Health insurance is extended through the end of the impact month, however FSA cutoff is the last day worked. I scrambled to more a dental procedure from November to mid-Oct only to find out ot won't be eligible for FSA dental coverage since it was not prior to Oct 3. The paperwork provided is confusing at best and no one walks you through it. I am out $1200 of unused FSA because I thought I had til Oct 31. Don't make my mistake.