If I have a Health Care FSA in 2021 and I open an HSA for 2022, will I still have a grace period in early 2021 to spend any leftover FSA balances?

No, you must incur all 2021 Health Care FSA expenses by midnight on December 31, 2021, or your funds will be forfeited. The $550 Health Care FSA carry over feature is only available to use toward eligible health care expenses in 2022 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.