The Importance of Estimating Carefully
Use It or Lose It
Under IRS regulations, amounts remaining in an HCFSA or a DCFSA following the March 31st claim-filing deadline must be forfeited and cannot be applied to the next year's expenses.
FSAs are tailor-made for people who like to plan and budget for expenses they know they will have during the year. But, there are other reasons to carefully plan FSA contributions:
  • HCFSA and DCFSA contributions can be changed during the year, but only if you experience a specific qualifying life event. Even then, participation or contribution changes must be directly related to your qualifying life event.
  • You cannot move money from one FSA to another. Money deposited in the HCFSA must be used only for healthcare expenses. The DCFSA can be used only for qualified day care expenses.
You can submit claims for expenses incurred and paid in a calendar year until March 31 of the following year. For example, you can submit expenses incurred in 2019 until March 31, 2020. UnitedHealthcare must receive claims no later than March 31.
According to Internal Revenue Service regulations, amounts remaining in an HCFSA or a DCFSA following the March 31st claim-filing deadline must be forfeited under the Stryker plan. Amounts that have not been used in one calendar year cannot be applied toward expenses incurred in the next calendar year.
Keeping You Informed
Regularly, you will receive an FSA statement showing contributions, claims processed and your account balance as of the statement date. You can also check your account balance at any time by visiting www.myuhc.com.