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Frequently Asked Questions Insurance

Is there a grace period for FSAFEDS? What does that mean?

The grace period is an additional 2 ½ months (running January 1 through March 15) during which you can incur eligible expenses that can be reimbursed from your prior year’s balance.  The grace period helps participants avoid forfeiting any of the funds deposited in their FSA account.  Dependent care accounts have a grace period every year.  The last grace period for health care accounts is January 1, 2015 through March 15, 2015.  

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