Flexible Spending Account 2016 claim deadline reminder
Employees enrolled in the medical or dependent care Flexible Spending Account (FSA) for the 2016 plan year have until April 30 to submit eligible claims to PayFlex for reimbursement. The deadlines for incurring expenses for eligible 2016 medical or dependent care have passed.
Log in to the Cornell PayFlex website to:
- submit claims for expenses incurred, and
- view claims that were denied for reimbursement due to incomplete documentation.
Up to $500 in a medical FSA will rollover
A reminder that for the first time this year, up to $500 of unused money in a 2016 medical care FSA account will be rolled over into a 2017 medical FSA account. Money remaining above the $500 rollover limit on April 30 will be lost. The $500 that is rolled over must be used for eligible medical expenses incurred between Jan. 1 and Dec. 31, 2017 or it too, will be forfeited. The $500 rollover does not offset the 2017 election amount.