Your Dependent Care FSA is available to spend for the calendar year: January 1st to December 31st.
As part of your benefits plan, some employers may offer either:
- A grace period in which you may submit new expenses up to 2.5 months into the new plan year for any unused funds.
- A run out period, in which you can submit expenses incurred through the plan year only (as opposed to new spending). These are normally between 30-90 days and your employer chooses its duration.
Questions? We are happy to help! Please reach out to Benepass Support for any assistance.