Most pre-tax benefits are offered to you as an employee of your company. Following your last day at your company, you may lose access to some or all of your benefits.

Read more below to learn what to expect for each kind of pre-tax benefit.

What happens to my Flexible Spending Accounts (FSAs)?

After you leave your employer, access to benefits such as Health Care FSAs, Limited Purpose FSAs, Dependent Care FSAs will be determined by the specific benefit's configuration, as well as other considerations such as COBRA.

If you do not elect into COBRA, your coverage period ends on your last day of employment. Following the end of your coverage period, you are not eligible to incur new costs.

However, some benefits may include window of time following your last day where you're able to incur new costs or submit outstanding receipts for reimbursement. These are called grace periods or run out periods.

A grace period will extend your eligible coverage period, meaning you are able to continue to incur new costs even after your last day of employment.

A run out period will grant you additional time to submit eligible receipts for reimbursement from your previous coverage period.

Grace and run out periods will vary depending on your benefit, but are generally between 30 and 90 days. You can confirm your benefit's specific policy by navigating to Accounts > Benefit > Dates.

What happens to my Parking or Transit benefits?

Following your last day, generally any balance remaining in your Transit or Parking benefits will be forfeit.

However, your employer may have elected to include a run out or grace period to allow employees to recoup remaining funds. You can confirm your benefit's specific policy by navigating to Accounts > Benefit > Dates.

What happens to my Health Savings Account (HSA)?

Health Savings Accounts (HSAs) are individual accounts owned directly by you, rather than your employer. Changes in employment will not impact your access to your HSA.

Unspent funds remain available for use after your last day with your company, including employer and employee contributions to date. You can continue to use your HSA balance as usual!

What about COBRA?

If you elect COBRA, you can continue to access your FSA for the remainder of the plan year, provided you continue to pay the required COBRA premiums. This allows you to be reimbursed for eligible expenses incurred both before and after your last day, up to the amount you originally elected for the plan year.

How do I access my account after my last day?

When you first login to Benepass, you'll be prompted to enter a backup email. This email can be changed at any time from the Settings page of your account. Following the last day at your company, if your benefits allow for a grace or run out period, or if you're enrolled in an HSA, your account will automatically be updated to allow you to login using your selected backup email.

To login with your backup email, simply navigate to the app or website and enter your email, and then select the "Login with Email code" option to receive a six digit code to your email. Enter that code and you'll be able to access your benefits.

If you are unable to access your account using your backup email, or if you did not select a backup email prior to your last day, please contact Benepass Support for additional help.

Questions? We are happy to help! Please reach out to Benepass Support for any assistance.