How does the extended incurred expense period work?
Claims with dates of service between January 1 and December 31 will be paid using available FSA funds for that plan year. Claims with dates of service between January 1 and February 28 of the following calendar year: – If the claim is incurred in this time period any remaining current plan year FSA funds will be applied to the claim. Once the current plan year funds are exhausted, then the claim will be applied to next plan year funds. – You will not have to request that current plan year funds be used. If there is a remaining balance and the claim is incurred January 1 – February 28 then the current balance will be used first. Claims with dates of service after February 28 will be reimbursed from the next plan year FSA funds, if you re-enrolled during the open enrollment period.
