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.
The normal time frame for using your FSA is 12 months â usually January 1st to December 31st for calendar year plans. However, many plans provide participants with a 2 Â½ month extension or grace period to make sure that they have enough time to use all the funds they elected for the year.