FSA Carryover/Claim Filing Info

Below are the guidelines for both health care and dependent care FSA.  It can be a little tricky how it all comes together and the nuances between health care and dependent care, so I recommend that members contact MMO’s FSA folks directly with their specific account situations.   Customer Care #:  800-525-9252

1.     Health Care FSA - has a $500 carryover provision

a.      Claim filing period:  members have until March 31^st of each year to submit claims from the prior year

                                                             i.      For example, 3/31/21 was the deadline to submit 2020 claims for reimbursement (assuming there are 2020 funds remaining)

b.     Carryover:  members having funds remaining at the end of the plan year can carryover a maximum of $500 into the next plan year.  Carryover is determined at the end of the claim filing period on 3/31 of each year  

2.      Dependent Care FSA – has a 2 ½ month grace period

a.       Claim filing period:  members have until March 31^st of each year to submit claims from the prior year

                                                             i.      For example, 3/31/21 was the deadline to submit 2020 claims for reimbursement (assuming there are 2020 funds remaining)

b.     Grace Period:  members having funds remaining at the end of the plan year have until March 15^th of the following year to continue to incur claims using money from prior year.  After the grace period, remaining funds from the prior year are forfeited. 

                                                             i.      For example, let’s say a member has $1,000 remaining in DCA on 12/31/20.  This member has until 3/15/21 to use the $1,000 on eligible dependent care expenses incurred during the period 1/1/21 through 3/15/21.