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2023 Flexible Spending Account (FSA) Deadline!

The deadline to incur claims using your 2023 Flexible Spending Account (FSA) is March 15, 2024. If you still have 2023 money in your account, start thinking of ways to use those funds, then spend the money by March 15, 2024, and submit your claims by May 15, 2024.

Also, this a good time to resolve any unsubstantiated or ineligible FSA claims. If you received correspondence from PayFlex (now known as Inspira Financial) requesting additional documentation for your FSA claim(s), follow up now. IRS regulations require that those unsubstantiated claims be reported on W-2 statements.

Not sure how much money you may have left in your 2023 FSA or whether a claim requires substantiation? Need to know which expenses are eligible for reimbursement under a healthcare FSA or dependent care FSA? Go to www.inspirafinancial.com and log in to your account or call customer service at 1-888-678-8242.