I am paid monthly. Would my December 31 deduction apply to this year’s flexible spending account, or next year’s? Crystal February 28, 2021 20:48 Updated If you are paid monthly, the December 31 (Pay Period End) paycheck reflects your current-year deduction. Related articles I am on military leave. Will my flexible benefits continue when I return to work? If an employee dies, what happens to his or her flexible spending account contributions? I am quitting my job and have been reimbursed for my full medical FSA annual pledge. I am being rehired by another agency. Do I have to pay back the balance of my annual pledge ? How do you access your flexible spending account (FSA) funds? I am a 120-day retiree. Am I eligible for flexible benefits?