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. 345 - September 8, 2011

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