Health Care FSA
You are eligible to use the funds remaining in your Health Care FSA to reimburse yourself for qualified health care expenses. Qualified services must be provided on a date that you were covered under the FSA plan. If you have received qualified services prior to your separation, you should submit reimbursement claims as soon as possible, and no later than the March 31 following the end of the plan year. If you have yet to receive the services, and you have funds remaining in your Health Care FSA upon separation, you may be interested in continuing your FSA eligibility until you exhaust your account balance. You must receive the services on or before December 31 of the year in which you separate employment, and you must be active in the FSA plan when you receive the services. To continue your FSA eligibility, you must enroll in FSA COBRA with the FSA plan administrator.
Dependent Care FSA
After separation from employment, you may use the funds remaining in your Dependent Care FSA to reimburse yourself for qualified dependent care expenses until you exhaust your account balance. You must receive the services on or before December 31 of the year in which you separate employment. You should submit reimbursement claims as soon as possible, and no later than the March 31 following the end of the plan year.
