What happens if I submit a claim for an amount greater than my HCSAccount or DCAAccount balance?
When you submit a claim to the HCSAccount, you will be reimbursed up to the full amount of your annual election, regardless of the amount of money that has been deposited into your account. Contributions will continue through payroll deductions throughout the year and claims will continue to be paid until your annual contribution maximum is met. Dependent care claims are paid a little differently. If you submit a claim and your balance is less than the amount of the claim, you will only be reimbursed for the amount of money available in your account. The remainder will be reimbursed once the money is deposited into your DCAAccount. This enables you to submit a claim only once and receive funding on an ongoing basis, rather than be denied payment or be forced to resubmit the claim until it can be paid in full.
Related Questions
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- What happens if I submit a claim for an amount greater than my HCSAccount or DCAAccount balance?
