2FA for P&A Participants
COBRA, Participant, Reimbursement Accounts
If your Flexible Spending Account (FSA) plan is on a calendar plan year (January 1 – December 31) and your plan offers the grace period, you have until March 15, 2017 to spend any unused money currently available in your 2016 Health FSA. After March 15, unused money will be forfeited under IRS rules.
Don’t panic – whether you have a significant balance remaining or just a few dollars, here are some helpful ideas to exhaust your account by the approaching deadline.
To help you determine the right amount to contribute to your FSA annually, check out P&A Group’s interactive calculator.