Healthcare Flexible Spending Account Grace Period

February 2014

Beyond the standard December 31 deadline to submit claims for eligible medical services and expenses incurred during the calendar year, the Healthcare Flexible Spending Account (HCFSA) offers a grace period of January 1, 2014 through March 15, 2014. During the Grace Period, you may request withdrawals from your remaining Plan Year 2013 HCFSA account balance to reimburse yourself for out-of-pocket healthcare expenses incurred in 2013 and the first quarter of 2014. March 15 is the final day participants can submit bills with the HCFSA claim form  to use up the money, otherwise unused dollars are forfeited. Contact Gary Yip at 646-664-3276 or Gary.Yip@cuny.edu for assistance.