FAQs
Most Popular Questions
Can I transfer money from one FSA to another?
Generally no, the Health Care FSA (HCFSA), Limited Expense Health Care FSA (LEX HCFSA) and Dependent Care FSA (DCFSA) are separate accounts, and money cannot be transferred between or among them. Plus, claims can't be reimbursed that are not consistent with the expense eligibility requirement for each FSA. For example, you can't use HCFSA funds to cover a DCFSA expense, such as summer day camp for your child.
IRS regulations state that you cannot have both a HCFSA and a Health Saving Account (HSA). If you change from one health plan to another that offers a HSA, their current and future HCFSA funds will be transferred to a LEX HCFSA to be in compliance with that regulation. This allows you to still use the funds in your account for eligible dental and vision expenses.
See Explore Your Options for more information on each FSA.