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What happens if there is money remaining in my flexible reimbursement account(s) and I have no additional bills to submit for reimbursement?

April 26, 2017account additional bills flexible happens money Reimbursement remaining submit

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What happens if there is money remaining in my flexible reimbursement account(s) and I have no additional bills to submit for reimbursement?

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Per IRS regulations, if you do not spend all the money in your health care and/or dependent care flexible reimbursement account(s) for the calendar year, you forfeit the amount remaining.