anyone know how FSA positive balances are addressed if laid off. Is there a Window provided to still make claims?
3 replies (most recent on top)
FSA usually will deny claims on new expenses after termination. Only expenses incurred before the term date will qualify. Call your doctor, see if you can pre-pay the remainder of your FSA balance to them. If not, see if they can refill prescriptions, and you can purchase them before the term.
HRA balances however go bye bye when you are laid off. So go to the doctor now if you need to get anything checked up on.
Yes, you can still make claims. It's your money and it's the law.