Flexible Spending Account
Questions and answers
It’s a new feature for Health Care Flexible Spending Accounts (HCFSA) and Limited Expense.(LEXFSA). If you haven’t spent all the funds in your health care FSA by December 31st, you can carry over up to $500 into another health care FSA into the subsequent year. This helps you avoid forfeiting your unspent FSA dollars. To use carryover, you must be employed by an FSAFEDS-participating agency and make all of your payroll contributions throughout the year, and you must remember to re-enroll for following year.