Reply to I got laid off today - FSA Question // Anyone here in HR?

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Reply to "I got laid off today - FSA Question // Anyone here in HR?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes, if you had incurred 3k in expenses between 1/1-1/3/23 you would be reimbursed for all 3k. Even though you haven’t contributed the 3k yet. That is an IRS, not plan rule. The submission deadlines are plan specific.
-20+ years in HR[/quote]

OP here.  Thank you.  Hoping that you come back to this thread because I have one more question for you.  My termination date is 1/3/23.  The written statement from the HR team says that I will be able to submit claims incurred *prior* to my termination date (1/3/23), which would suggest that I would have needed to make my FSA purchases on 1/1 or 1/2.  Is that IRS specific or plan specific?

Here is the statement again: You will be able to submit claims incurred prior to your termination date until the end of the grace period (90 days)[/quote]
Yes, you should still be able to make a purchase today. You can also COBRA the plan for 1 month and still access all benefits. Generally signing up for COBRA for an FSA makes no sense since you have to fund with post-tax dollars, but that is the only way to access if you had funds you contributed but didn’t spend. [/quote]

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