Did you spend all of your Medical Care FSA funds from 2016? If not, your unused balance of up to $500 dollars will rollover and be available for use in 2017. Don't expect to swipe your card and spend your rollover funds just yet, though! Your Medical Care FSA account has a claim run-out period of 120 days. The claim run-out period is the time frame in which you can still submit claims that you incurred in 2016. Eligible claims will then be reimbursed from your rollover fund balance. Once the claim run-out period has ended, claims from 2016 are no longer accepted for reimbursement and your rollover balance will then be added to your card.
Posted: January 10, 2017
