Flex Spending Account Grace Period Ends March 15; Submit by March 31
You have one last chance to spend your 2024 Flexible Spending Account (FSA) dollars!
Midwest Region: If you were enrolled in an LSS health care or dependent care FSA last year, you have a grace period to spend your FSA contributions. You can spend remaining 2024 FSA dollars through March 15, 2025, if these unused 2024 claims are submitted to Wex Health by March 31, 2025. Instead of immediately forfeiting any remaining funds at the end of the plan year due to the IRS use-or-lose rule, the grace period gives you an extended timeframe to spend your unused balance into the following plan year.
This is your opportunity to maximize the funds in your FSA! For a list of items eligible to be purchased with FSA funds, click here.
East Region: If you were enrolled in a Diakon health care or dependent care FSA last year and were eligible for a carryover, you will be able to use your unused carryover funds through December 31, 2025.
For more information about FSAs and Wex Health click here.