Health FSA Plan Changes

Beginning with the 2015 plan year, you will be able to carry over up to $500 of your remaining Health FSA funds from one year to the next. This carryover provision replaces the two-and-a-half month grace period currently in place for the Health FSA. The grace period for the 2014 plan year will not change.

You may carry over funds from plan year to plan year as long as you are an active UC employee and eligible to participate in the Health FSA—even if you do not re-enroll.

Under the new provision, you may carry over up to $500 to the following year, even if you do not re-enroll for the next plan year. However, the carryover funds will not be available to use until after the run-out period, which ends on April 15, 2016. This gives you time to submit 

reimbursement requests for eligible expenses incurred during the previous plan year. If you have funds remaining after the run-out period closes, up to $500 will be credited to your account automatically. You will lose any funds in excess of $500.