Through MyEnroll.com, employers may structure their health flexible spending account plans to include either a grace period or a carryover. A grace period allows participants to continue to incur expenses for up to 2-1/2 months after the end of the plan year, and use contributions from the prior year to pay for those expenses. A carryover allows participants to roll up to $500 of unused contributions to be used in the next plan year. A health flexible spending account plan may include a carryover or a grace period, but not both.
MyEnroll.com can accommodate either flexible spending account plan design. If you have a health flexible spending account plan and wish to explore the carryover or grace period plan options, please contact your account manager or solutions@BASusa.com