If I have money in my FSA for 2017 and it gets rolled over to 2018 and I still don't use it in 2018 can it then be rolled over to 2019?
This what I got from HR recently:
When can you spend the carryover?
Carryover amounts will be available at the beginning of February 2018. Any amount under $500 will be moved into a 2018 health
care carryover account. Any amount over $500 will remain in the 2017 health care account until the end of the run-out period on
March 31, 2018. You have until March 31, 2018, to submit expenses that were incurred DURING the 2017 calendar year. Once the
run-out period is over the remaining funds in the 2017 health care account will be forfeited.
What if you use your card before the money is carried over?
Any eligible expenses paid with your spending account card will be deducted from your 2018 Health Care FSA first and then your
2018 Health Care Carryover account second.
I don't understand why it goes into a "Carry over account" and isn't just added to your 2018 balance?