Generally, active employees can generally submit expenses anytime during the current plan year for eligible purchases. For employees no longer with their employer, expenses incurred during your employment must be submitted before departure, or within your company's run-out period if applicable.
Rules may vary for your specific benefit, so it's best to always confirm in the app or with your team.
Why?
Different timeframes apply based on benefit type and employment status.
Pre-tax benefits like FSAs or Commuter benefits follow IRS guidelines with set specific plan year start and end dates. For eligible costs incurred during the plan year, you are able to submit those expenses at any time during the plan year.
These benefits may be configured with a run-out or grace period after the end of the plan year or following departure from your employer that provides additional time to submit expenses.
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Unless your benefit policy states otherwise, Lifestyle benefit purchases must generally be made while the benefit is active, or within the current or previous calendar year. It’s recommended to submit expenses as soon as possible after making a purchase and to stay mindful of any upcoming expirations.
Important: Any funds not used before their scheduled expiration will expire and cannot be returned. Be sure to review each benefit’s expiration schedule and submit all eligible expenses on time.
In most cases, lifestyle benefit funds will expire when you leave your current employer.