Question for HR Nesties

KNJepp · September 2011

If you have an FSA through your employer and leave that job before the end of the year, what "happens" with your FSA?

odear · September 2011

You either spend it all or you lose it.

almond1123 · September 2011

Your employer says, "Thank you" in most cases.

PAGAS · September 2011

You lose it if you don't spend it. And you should be able to spend your entire budget for the year, not just what you have paid into it.

PAGAS · September 2011

almond1123:
Your employer says, "Thank you" in most cases.

Or...you say "thank you" to your employer (cough cough me leaving my job in February and spending my full FSA

KNJepp · September 2011

Clarification - so you have to spend the balance of what you've already contributed before you leave or you lose it?

MrsFaz · September 2011

It's what I call a Use it or Lose it plan. BUT you can continue it through COBRA and not lose it.

PAGAS · September 2011

KNJepp:
Clarification - so you have to spend the balance of what you've already contributed before you leave or you lose it?

You can spend the value of the entire year, not just what you have contributed.

So if I have put in $500 of the $1000 by June and I quit, I can spend $1000 dollars of my FSA before I leave.

KNJepp · September 2011

MrsFaz:
It's what I call a Use it or Lose it plan. BUT you can continue it through COBRA and not lose it.

Thanks for clarifying!

kreeper611 · September 2011

I'm dealing with this for my daycare FSA. I submitted a form for reimbursement for daycare paid for two weeks while I was technically still employed. My last day is on paper as 9/2. They wont pay me for charges submitted for 8/15-28. I'm going to appeal since the money came out of my check before my last day but I'm not holding my breath. I basically have lost $250.

odear · September 2011

kreeper611:
I'm dealing with this for my daycare FSA. I submitted a form for reimbursement for daycare paid for two weeks while I was technically still employed. My last day is on paper as 9/2. They wont pay me for charges submitted for 8/15-28. I'm going to appeal since the money came out of my check before my last day but I'm not holding my breath. I basically have lost $250.

That sucks!

I may be wrong, but the rules aren't necessarily the same between healthcare FSAs and Childcare FSAs.

kreeper611 · September 2011

odear:
kreeper611:
I'm dealing with this for my daycare FSA. I submitted a form for reimbursement for daycare paid for two weeks while I was technically still employed. My last day is on paper as 9/2. They wont pay me for charges submitted for 8/15-28. I'm going to appeal since the money came out of my check before my last day but I'm not holding my breath. I basically have lost $250.

That sucks!

I may be wrong, but the rules aren't necessarily the same between healthcare FSAs and Childcare FSAs.

They are saying that my last day of employment was the 19th. I did turn in my notice that day, but technically I "worked" until the 2nd.

OSUx2 · September 2011

kreeper611:
odear:

kreeper611:
I'm dealing with this for my daycare FSA. I submitted a form for reimbursement for daycare paid for two weeks while I was technically still employed. My last day is on paper as 9/2. They wont pay me for charges submitted for 8/15-28. I'm going to appeal since the money came out of my check before my last day but I'm not holding my breath. I basically have lost $250.

That sucks!

I may be wrong, but the rules aren't necessarily the same between healthcare FSAs and Childcare FSAs.

They are saying that my last day of employment was the 19th. I did turn in my notice that day, but technically I "worked" until the 2nd.

If you were on the payroll until the 2nd I don't see how they can say your last day was the 19th. You wouldn't have been able to get unemployment until you were not working and since you were working until the 2nd I would say you were employed.

odear · September 2011

kreeper611:
odear:

kreeper611:
I'm dealing with this for my daycare FSA. I submitted a form for reimbursement for daycare paid for two weeks while I was technically still employed. My last day is on paper as 9/2. They wont pay me for charges submitted for 8/15-28. I'm going to appeal since the money came out of my check before my last day but I'm not holding my breath. I basically have lost $250.

That sucks!

I may be wrong, but the rules aren't necessarily the same between healthcare FSAs and Childcare FSAs.

They are saying that my last day of employment was the 19th. I did turn in my notice that day, but technically I "worked" until the 2nd.

That is definitely a problem!!

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