If I have a Health Care FSA in 2022 and I open an HSA for 2023, will I still have a grace period in early 2022 to spend any leftover FSA balances?

No, you must incur all 2022 Health Care FSA expenses by midnight on December 31, 2022, or your funds will be forfeited. The 2022 carryover feature is available to use only toward eligible health care expenses in 2023 if you enroll in a Health Care FSA and do not enroll in Medical Plan Option C.

This entry was posted in . Bookmark the permalink.