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IRS Extension Allowed for FSAs

The Internal Revenue Service allows expenses incurred during a two-and-a-half-month grace period after the end of the plan year to count against the previous year's FSA. This means that expenses incurred between January 1 and March 15 can be claimed against your prior year balance.

Participants cannot use the Health Care debit card after January 1 to access the prior year's funds. To access prior year funds, you must pay for the eligible expense out-of-pocket and then file a claim  by the April 15 deadline using My VU Benefits.