Grace Period

Your HCSA has a 60-day grace period that takes effect at the end of the plan year giving you
extra time to submit HCSA claims after August 31. You have the first 60 days of the new
plan year to submit expenses you incurred during the previous year (using any remaining
deposits from the previous year). Keep in mind that expenses incurred during the current
year may also be reimbursed from previous year deposits.

If you terminate employment, you have 60 days from your termination date to submit claims
for reimbursement.

Full Issue: No. 323 - November 21, 2008

Back to CSI Insurance Updates