How does a Health Care Flexible Spending Account work?
Your annual election is divided among the number of paychecks you have in the plan year and that amount is deducted from each check PRIOR to being taxed. Once you incur an eligible expense, you can request reimbursement from your account (up to your annual election amount regardless of your contributions) either online or using a hard copy form. Visit our Filing Claims page for specific details. All expenses must be incurred during the plan year and while you are an active participant, to be eligible for reimbursement*. You “incur” an expense when you receive the service, not when you pay the bill. *Employers have been given the opportunity to extend their plan year by 21/2 months per IRS Notice 2005-42. Please check with your employer to see if they have elected to take advantage of this flexibility.
