Your flexible spending account coverage ends on the day your employment ends. You will then have up to 90 days to file claims for eligible services. Any claims you file must be for the period from your plan’s start date (typically Jan. 1) until your termination date. After 90 days, your funds are forfeited. This applies to your medical FSA, limited purpose FSA or dependent care FSA . You may also be eligible to elect COBRA coverage for your FSA or L-FSA. COBRA is not available for the dependent care FSA.