What is an FSA Extension?

2.5 Month Extension

A 2.5 month period employees have to use funds from the previous plan year. The 2.5 Month Extension can apply to both Health Care and Child & Elderly Care  FSAs.


Example:

Plan Year

January 1  2021  -   December   31   2021

2.5 Month Extension Period End Date

March  15 2022

An employee can ...

use remaining funds from the previous plan year (January 1  2021  -   December  31 2021) until   March  15 2022.

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