I've contributed some money to FSA.Was aiming at 1000 some $s by end of yr.Now, I'm planning to quit the job in a couple of wks.I've not made any health care expenses at all so far.Planning to buy some OTC stuff to use that money.Before when should I make the expenses-end of 2 wks?,before when should I claim reimbursement-that also before end of 2 wks or is there more time for this? Can I continue to make contributions and later reimburse all the money?
2006-11-07 11:52:28 · 2 answers · asked by Pearl J 2 in Business & Finance ➔ Taxes ➔ United States
The contributions to the FSA will end when you stop working. You will need to have spent the full $1,000 before you last day of work. The FSA can only reimburse you for medical expenses incurred prior to your last day. Incurred means that you have to have bought the OTC stuff or gone to a doctor or dentist prior to your last day.
If you don't spend the money in the account before your last day you lose it. The company can't give it back to you.
I Would suggest you get to a doctor and get aphysical and go to a dentist and have a complete checkup. Spend the $1,000 and it doesn't even have to be wisely in your situation. Good Luck!
2006-11-07 22:52:04 · answer #1 · answered by waggy_33 6 · 0⤊ 0⤋
Can you re-type so we can understand it?
2006-11-07 12:56:42 · answer #2 · answered by Steve 6 · 0⤊ 0⤋