FAQs

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Page 18 of 27, Showing 10 Results

• I've been reimbursed for more than what I've contributed. Why? Open Closed

  With a Health Care FSA (HCFSA) and a Limited Expense Health Care FSA (LEX HCFSA), you have access to the full amount of your annual allotment (FSA contribution), even before the entire annual allotment has been deducted from your paycheck. Once yo… Read more…the full answer

• Is there a minimum reimbursement amount that I may claim? Open Closed

  Yes, FSAFEDS has a minimum reimbursement amount of $5. If your claim does not total $5, you'll not receive a payment until you submit another claim and reach the $5 minimum amount or you have less than a $5 balance remaining in your account. … Read more…the full answer

• I faxed separate claim forms within a few days of each other for recent expenses I incurred. Will my reimbursements be combined or deposited separately? Open Closed

  If you submit multiple claim forms within a few days of each other, there is a chance they will be processed on the same day. This means your total reimbursement amount may be combined and appear as one deposit. For Example: … Read more…the full answer

• How are future expenses handled? Open Closed

  You may not be reimbursed for eligible expenses until they have been provided and you have incurred the expense. For more information on expenses with future dates and reimbursement, browse our D… Read more…the full answer

• I'm required to pay for my child's day care expenses upfront at the beginning of each month. Can I be reimbursed immediately since I paid it in full? Open Closed

  Unfortunately, no. IRS rules require that expenses can only be reimbursed after the service was actually provided. Here are two ways you can submit: Submit expenses for a full month after that month h… Read more…the full answer

• Can I submit claims for dependent care expenses that exceed the current amount in the account? Open Closed

  Yes, but unlike a Health Care FSA or Limited Expense Health Care FSA, you cannot be reimbursed for a Dependent Care FSA (DCFSA) claim for an amount that is more than available funds in your DCFSA when you submit your claim. Example… Read more…the full answer

• Do I need to have my full allotment in my HCFSA or LEX HCFSA account before I can submit claims? Open Closed

  No. Unlike a Dependent Care FSA (DCFSA), you'll be fully reimbursed for eligible claims incurred up to your annual allotment (plus any carryover, if applicable). This is true regardless of how much you have contributed to the account, as l… Read more…the full answer

• Do I need to have my full allotment in my DCFSA account before I can submit claims? Open Closed

  No, but unlike the Health Care FSA (HCFSA) and Limited Expense Health Care FSA (LEX HCFSA), your Dependent Care FSA (DCFSA) reimbursement is always the lesser of: The amount that you request for reimbursement The amount … Read more…the full answer

• Do I have to submit all of my claims before the end of the year? Open Closed

  No, you have until midnight Eastern Time on April 30 following the end of the benefit period (plan year) to submit FSA claims for expenses incurred during the benefit year. This extra time to submit claims after the benefit period ends is … Read more…the full answer

• How long after the end of the benefit period do I have to submit my claims? Open Closed

  You have until April 30 to submit claims for expenses incurred during the previous benefit period. Your claim must submitted online or through the FSAFEDS app, faxed or mailed by midnight Eastern Time on April 30. See … Read more…the full answer