Important FSA Deadlines for the 2019-2020 Plan Year Accounts

September 22, 2020 / HR News/Training

Please see the chart for important dates for the Flexible Spending Account (FSA) Program.

Date

 

Description

 

Population Impacted

 

6/30/2020

 

Determines eligibility for the one-time Grace Period.  Also, last day to incur expenses for employees who do not have the grace period.

 

All employees with HFSA or DCFSA funds enrolled on this date with a remaining balance

 

9/30/2020

 

Normal runout period for plan years that end on June 30th

 

N/A for plan year ending June 30, 2020

 

10/31/2020

 

Last day to incur expenses for grace period funds

 

All employees with HFSA or DCFSA funds remaining from the plan year ending June 30, 2020

 

11/30/2020

 

Extended runout period for plan year ending June 30, 2020.  Includes HFSA and DCFSA.  All claims and documentation must be received by the administrator on or before this date. The administrator will not accept documentation postmarked, but not received, by this date.

 

All employees enrolled in an FSA as of June 30, 2020

 

 

Employees may log in to payflex.com or call customer service at 1-855-516-8595 for information regarding their specific account.