It depends on the type of HSA-Compatible FSA program your employer has in place. There are three scenarios for funds that are left unspent in your account at the end of the plan year:
- If you have an HSA-Compatible FSA with Carryover, you can carry over up to $500 into the next plan year.
- If you have an HSA-Compatible FSA with Grace Period, you have up to 2½ months after the end of the plan year to use unspent funds before you lose them.
- If you have a standard HSA-Compatible FSA, you lose any unspent funds at the end of the plan year.
To find out which scenario applies to you, log into your WageWorks account
or ask you employer. We recommend you estimate your annual out-of-pocket dental and vision care expenses carefully. This savings calculator
will help you estimate an annual election amount that's right for you.