The State System offers a carryover for the Health Care FSA, which permits participants to rollover unused Health Care FSA funds into the following calendar year. Any remaining balances exceeding the carryover limit will be forfeited.
- The current carryover from 2024 into 2025 is $610
- The new carryover from 2025 into 2026 is $640
The Day Care FSA does not have a carryover and must be used for day care expenses
incurred DURING the plan year or the 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 2025.
Run-out Period
For both the Health Care FSA and Day Care FSA, you can submit 2024 expenses during the run-out period from January 1, 2025 - March 31, 2025.
Health Care FSA
After March 31, up to $610 left over in your 2024 health care FSA will move over to your 2025 health care FSA. Any 2024 health care FSA balance over $610 will be forfeited.
Day Care FSA
After March 31, any 2024 day care FSA balance will be forfeited.
Submitting Expenses During the Run-Out
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 of 2024 year expenses.
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 2025 Health Care FSA, you can use your spending card beginning January 1, 2025. If you did not elect a 2025 Health Care FSA, but have a carryover, you will be provided with a FSA spending card in April 2025.