What happens if there is money left in my account at the end of the plan year?
The claims filing deadline to submit an expense incurred during the plan year is typically 90 days after the plan year ends*. Pursuant IRS regulations, you will forfeit any money remaining in your account after the 90-day plan run out period. *Employers have been given the opportunity to extend their plan year by 21/2 months per IRS Notice 2005-42. Please check with your employer to see if they have elected to take advantage of this flexibility.
