Deadline for Turning in Expense Reimbursements

[PJ2009]

Does anybody know what the deadline is for turning in expenses for HSAs and FSAs for FORMER employees? I believe both current and former employees who participated in the plan have until the end of the next year, but want to confirm this.

thanks!!!

[J Simmons]

Does anybody know what the deadline is for turning in expenses for HSAs and FSAs for FORMER employees? I believe both current and former employees who participated in the plan have until the end of the next year, but want to confirm this.

thanks!!!

The plan docs will say for the FSAs what the run-out period is. See Prop Treas Reg § 1.125-1(f)

(f) Run-out period. A cafeteria plan is permitted to contain a run-out period as designated by the employer. A run-out period is a period after the end of the plan year (or grace period) during which a participant can submit a claim for reimbursement for a qualified benefit incurred during the plan year (or grace period). Thus, a plan is also permitted to provide a deadline on or after the end of the plan year (or grace period) for submitting a claim for reimbursement for the plan year. Any run-out period must be provided on a uniform and consistent basis with respect to all participants.

HSAs? the employer shouldn't be involved in HSA expense reimbursement. The employee takes a withdrawal from the HSA, and then includes as taxable income only what he or she cannot justify as taken for qualifying medical expenses.

If by HSA you meant HRA, then check the plan document.