​​The IRS allows employers to offer a $500 carryover provision for a Health Care FSA plan, which permits participants to rollover up to $500 in unused FSA funds to the following calendar year. Any remaining balances which exceed $500 will be forfeited. The State System offers a $500 carryover for the Health Care FSA. The Dependent Care however, must be used DURING the plan year or money is forfeited. 

*Any carryover amount less than $5 will not carry over into the next calendar year*


Accessing Carryover Funds

Carryover amounts will be available at the beginning of April 2020

Run-out Period

You can submit 2019 expenses during the run-out period from January 1, 2020 - March 31, 2020.  After March 31, up to $500 left over in your 2019 health care FSA will move over to your 2020 health care FSA.  Any 2019 health care FSA balance ​over $500 will be forfeited.  ​

Submitting 2020 Expenses

You may only be reimbursed for 2020 expenses during the run-out period if you elected a 2020 Health Care FSA. If you do not have a current plan year election, you will need to wait until after carryover has occurred (April) to submit for reimbursement. You do not need to elect a current year Health Care FSA for your money to carryover, however you will not be able to access your funds until April when the carryover has occurred.   

​Using your Spending Account Card

If you elected a 2020 Health Care FSA, you can use your spending card beginning January 1, 2020.  If you did not elect a 2020 Health Care FSA, but have a carryover, you will be provided with a FSA spending card in April 2020.