FAQs

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• What is the use or lose rule? Open Closed

  The IRS created the "use or lose" rule, which states that all money left in your FSA is forfeited after the benefit period ends … Read more…the full answer

• What happens if I go on a period of leave without pay (LWOP) and incur an eligible expense? Open Closed

  If you go on a period of Leave Without Pay (LWOP) or other non-pay status during the benefit period (plan year), your agency will not withhold your allotment (FSA contribution) during that time. If you go into a period of LWOP and have not … Read more…the full answer

• What happens if I go on non-pay status and my agency continues to pay my FEHB premiums? Open Closed

  If you go on non-pay status during the benefit period (plan year) and have not pre-paid your allotment (FSA contribution), your FSA account will be frozen. You will not be eligible for reimbursement of any health care expenses incurred during that… Read more…the full answer

• How do I enroll in FSAFEDS? Open Closed

  Eligible employees can enroll in FSAFEDS for the upcoming benefit period (plan year) during the Federal Benefits Open Season that is held each year from mid-November to mid-December. Enrollment in an FSA is completely voluntary. … Read more…the full answer

• How do I enroll in FSAFEDS if I am a new or newly eligible employee? Open Closed

  If you are a new or newly eligible employee* you have 60 days from your hire date to enroll in FSAFEDS, but you must enroll prior to October 1 of any benefit period (plan year). If you do not enroll before October 1, you cannot participate… Read more…the full answer

• I'm a new/newly eligible employee. How long do I have to make an election? Open Closed

  If you are a new or newly eligible employee and you want to participate in FSAFEDS, you have 60 days after your hire date, but prior to October 1 of any benefit period (plan year), to make an election to participate in a … Read more…the full answer

• As a new employee, if I choose to make an election within the 60 days, how long do I have to change my mind? Open Closed

  Your election is effective at midnight on the day after it is received. If you change your mind, you can cancel or change your election before this deadline. Once your election is finalized, it cannot be changed unless you experience a … Read more…the full answer

• If I enroll outside of Open Season, when will my HCFSA, LEX HCFSA or DCFSA be effective? Open Closed

  If you enroll in FSAFEDS with a Belated Enrollment or as a new or newly eligible employee, your election will generally be effective the next day after you enroll, but not before January 1 (which is the st… Read more…the full answer

• Can I still enroll in FSAFEDS if I do not have a bank account? Open Closed

  Yes, you may still enroll in FSAFEDS! To enroll, simply contact an FSAFEDS Benefits Counselor at 877-FSAFEDS (372-3337), (TTY: 866-353-8058). Just be prepared to provide evidence that you do not have a bank account or that your banking institution… Read more…the full answer

• How do I get reimbursed for eligible expenses from an HCFSA or LEX HCFSA? Open Closed

  You must file a Health Care FSA (HCFSA) or Limited Expense Health Care FSA (LEX HCFSA) claim with FSAFEDS to be reimbursed for eligible expenses. You can submit y… Read more…the full answer