As a reminder, the CSU offers a 2 ½-month grace period extension from January 1, 2020 through March 15, 2020, for the 2019 Health Care Reimbursement Account/Dependent Care Reimbursement Account Flexible Spending Account (FSA) plan year. This grace period ensures that participants have the opportunity to maximize their FSA funds and avoid forfeiting money through the IRS “Use-or-Lose” rule.

FSA claims for services received during the grace period will be automatically applied to any unused funds from the 2019 plan year if submitted by the claims filing deadline. If the claim exceeds the available funds from the previous plan year, any excess will be automatically applied to the 2020 plan year.

Important Dates:

• The deadline to incur expenses during the 2 ½-month grace period is March 15, 2020 (for participants enrolled through December 31, 2019).
• The deadline to submit 2019 claims for reimbursement is June 30, 2020. 

After these deadlines have passed, all unused 2019 HCRA/DCRA account balances will be forfeited, per the IRS “Use-or-Lose” rule.

Helpful Information:

• Claims may be submitted to ASIFlex through their mobile app, online, by mail or fax. Information about these options are available at ASIFlex.com
• Eligible expenses for HCRA funds include sunscreen, prescription glasses/sunglasses, and mileage for use of an automobile to obtain health care. A listing of HCRA eligible items may be reviewed at ASIFlex.com.
• FSAStore includes 100’s of items available for purchase that are clearly labeled with a white check mark if FSA eligible . (Print out a receipt and submit a claim to ASIFlex to be reimbursed with HCRA funds.)