If you quit your job mid-year and have been reimbursed more than your contributions for the year, you do not have to repay the difference. (Example: Your Annual Pledge is $1,800, YTD contribution is $1,200, Total Reimbursement is $1,400 – you do not have to repay the extra $400).
What if I then begin a new job with another participating state, LEA, Higher Ed or Local Government Agency?
You have three options:
- Enroll in a FSA with a new annual pledge of $200 (balance between YTD reimbursements of $1,400 and original YTD contribution of $1,200)
- Wait and enroll in a FSA during Annual Enrollment for the following year
- Both (1) and (2) above