Typically, remaining Health FSA contributions carried over from the prior plan year become available to participants on May 15. However, due to implementation of the new regulations, the release of the carry-over funds has been delayed. Employees logging into their Health FSA account will not yet see the carry-over funds posted to their accounts. Employees wanting to submit claims for reimbursement using the carry-over funds are advised to wait until WageWorks announces that the funds are available.
UCOP Health & Welfare Benefits division is working closely with WageWorks on the interpretation and implementation of the new regulations and will send more information as soon as possible.