Remember to file your 2019 FSA receipts by April 15
Did you participate in a DepCare or Health Flexible Spending Account (FSA) plan in the 2019 calendar year? You must file your expenses by April 15 to receive reimbursement. Even though the federal tax deadline has been extended, the FSA deadlines remain the same.
- Health FSA: Expenses incurred between Jan. 1 and Dec. 31, 2019, are eligible. Unused funds between $25-500 will carry over to 2020.
- DepCare FSA: Expenses incurred between Jan. 1, 2019, and March 15, 2020, are eligible.
CARES Act updates
The Coronavirus Aid, Relief, and Economic Security (CARES) Act signed into law as of March 27, 2020, contains important provisions that affect FSAs, HSAs and HRAs.