What happens if I have money remaining in my account at the end of the year?

The Health Care FSA is subject to the “Use-It or Lose-It” rule. This means that if you do not use your all of your annual election within the plan year, the remaining funds are returned to your employer and are not refundable to you.

Check your employer’s plan design to see if the Grace Period or Carryover feature has been put in place to help reduce your risk of loss.