FAQs
Most Popular Questions
How will my QRD refund amount be determined?
A qualified reservist distribution (QRD) refunds the balance of your allotments (FSA contributions) that are in your Health Care FSA (HCFSA) or Limited Expense Health Care FSA (LEX HCFSA) as of the approval date of your request. We will calculate your balance by taking the current amount on deposit in your HCFSA or LEX HCFSA and subtracting the amount of claims reimbursed. We will confirm the balance in your account and notify you of the exact dollar amount.
Example: Let's say you submitted all eligible claims for reimbursement on June 15. Your HCFSA annual election is $2,600, your total claims paid to date is $900 and your total allotment amount is $1,300. Within a short period of time, FSAFEDS approves your QRD request and sends you an approval letter via email. The total amount of your QRD is $400, which is calculated by starting with your total allotment ($1,300) minus the reimbursement amount ($900).