What happens if I don’t spend all the money in my FSA account by the end of the Plan Year?
In compliance with IRS guidelines, contributions that are not used during the Plan Year cannot be returned and you forfeit the balance in your account(s). Before making an election, you are encouraged to carefully estimate your annual expenses. The FSA calculator can help you determine your spending for the year.
Related Questions
- What happens to any medical FSA or dependent care FSA money that is not reimbursed at the end of the plan year grace period?
- What happens to my account balance if I don’t use all the money deposited for the current Plan Year?
- What happens if I don’t spend all the money in my FSA account by the end of the Plan Year?
