Letâs assume that a pure bread goat cost $300 each and a badger costs $500 each. (as a side note I found it is illegal to own a badger in England. Who knew? That would make the total cost of those two layers about $216,000 Maybe we could get a deal on bulk goats â Iâm not sure how that would work.
Some employers allow a grace period of up to two-and-a-half months into the next plan year during which you can claim FSA expenses against your current year's account balance. You must be participating at the end of the plan year for the grace period to apply. Click here for details on the grace period.
No. You will still be able to file claims during the run-out period for expenses incurred during the plan year. This will be useful if you have more than $500 in your FSA account at the end of the year. Check your plan document for the length of your run-out period. Do I have to elect a health FSA in the plan year into which funds are rolled over? No, but you will be limited to only the rollover amount for healthcare expenses in the next plan year.