I am a 120-day retiree. Am I eligible for flexible benefits? Crystal May 03, 2018 16:26 No, you are not eligible for flexible benefits unless you are eligible for medical insurance under the PPACA regulations. Related articles I am retired and now returning to work as a 120-day employee. I am already enrolled in retiree medical, dental and vision coverage. Am I also eligible for active coverage? If I request to cancel my transportation FSA account, but I still have a balance of unreimbursed contributions, how long can I incur expenses? What is the benefit of a medical flexible spending account (medical FSA)? If an employee dies, what happens to his or her flexible spending account contributions?