Your ability to spend money on your FSA card ends on your last day on payroll. This means that although you are covered for health for four weeks, you cannot use the card. To rub salt into the wound, your last paystub includes a FSA payment, and dated after the card cutoff date. Use the card before your last day on payroll.
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If we find out we are severed after the selection event, that could give us 4 weeks of redeployment to use the balance of FSA. Be ready to spend it.
Are contacts billed when you order or when you receive them? I can’t remember
@ah yes, FSA and HSA are very different. And there are nasty incompatibilities between COBRA, retirement HRA, Medicare, etc.. it’s f’in complex. I had to move from HSA to FSA because of the Medicare rules.
@ag reread it. They said FSA, not HSA. FSA is tied to employment. When I was laid off from another company I had to use it all before my last day. Expenses incurred after final work date are not FSA eligible but you can still recover funds from expenses incurred before you’re laid off.
Not true, health saving account is not tied to employment for usage.
@a2+1jxdp674e
No, I don't think they will. I was laid off from another company several years ago and I had used all my FSA before I was laid off and i was never charged for the amount I did not pay in.
@a2 I’m pretty sure they won’t. Not 100% sure, but I think I saw that in writing somewhere, that they would not.
Will they chase you down if you've spent full year amount already?