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Only a few weeks remain to submit your Flexible Spending Account (FSA) claims for the FY2020 plan year! Any remaining claims for services from July 1, 2019 through December 31, 2020, must be submitted by December 31 for reimbursement.
- DCAP: Dependent care expenses incurred during FY2020 (July 2019 through December 2020) must be submitted no later than December 31, 2020. Any remaining funds will be forfeited, according to IRS regulations.
- MCAP:
- Medical care expenses incurred during FY2020 (July 2019 through December 2020) must be submitted no later than December 31, 2020.
- If you re-enrolled in MCAP for the FY2021 plan year (7/1/2020 – 6/30/2021), up to $500 of your remaining balance, as of December 31, 2020 will be rolled over to your FY2021 MCAP account. Any amount over $500 will be forfeited.
- If you did not re-enroll in MCAP for the FY2021 plan year (7/1/2020 – 6/30/2021), any remaining balance will be forfeited.
Resources:
Questions?
For questions about your FSA account contact ConnectYourCare (CYC) or University Payroll & Benefits (UPB).
- ConnectYourCare
- 888-469-3363, 24 hours a day, seven days a week
- University Payroll & Benefits