The $500 maximum carryover for the medical flexible spending account (medical FSA)and limited purpose flexible spending account (L-FSA) will be effective for the ending of 2017 plan year going into the new 2018 plan year thus eliminating any grace period.

April 30, 2018, is the deadline for filing all claims from 2017 for medical FSA,  L-FSA, or dependent care FSA (DC-FSA). (Though the DC-FSA did not allow a $500 carryover.)

 You cannot use your debit card for expenses incurred during the previous year; you must file a paper claim form before the deadline of April 30. You may, however, use your debit card for expenses incurred during the current year.

 

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