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2013-2014 Flexible Spending Account Claims Due September 30 |
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August 26, 2014, Volume 61, No. 02 |
If you’re a Flexible Spending Account (FSA) participant, please remember to submit your claims for the 2013-2014 plan year by September 30, 2014.
The money you contributed to a Penn Health Care FSA during the 2013-2014 plan year can be used only for qualified health care expenses incurred between July 1, 2013 and June 30, 2014. If you have a Dependent Care FSA, you have until September 15 to incur eligible expenses. All claims must be submitted by the due date—or run out date—September 30. If you don’t submit your eligible expenses claims on or before the run out date, you will lose that unused money in the Dependent Care FSA and may lose unused money in your FSA. (A list of eligible expenses is available at https://www.hr.upenn.edu/docs/default-source/benefits/expenses_healthcare.pdf)
Keep in mind that the recent $500 rollover rule only applies to the Health Care FSA, not the Dependent Care FSA. Up to $500 of unused money in your Health Care FSA automatically rolls over to the following plan year. However, you will forfeit any remaining balance over $500. Participants in the Dependent Care FSA cannot roll over any unused funds.
To manage your personal FSAs and file claims online, log on at www.pennbenefits.upenn.edu For more information, visit Penn’s FSA claims webpage at https://www.hr.upenn.edu/myhr/benefits/health/fsa/claims or contact the Penn Benefits Center at 1-888-PENNBEN (1-888-736-6236).
Related: Upcoming Programs |
Almanac -
August 26, 2014, Volume 61, No. 02
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