ASI/Flexible Spending Reminder

The 2009 flexible spending plan year ends 12/31/09; however MU adopted a grace period for health care account participants that allows them to incur expenses through 3/15/10 and use any funds that might be remaining (so that employees don’t forfeit the funds). The deadline to submit claims for the 2009 plan year is 4/15/10 in order to receive all funds from this account. This also means that if you are enrolled in the 2010 plan year, you will have an overlapping period of coverage (1/1/10-3/15/10) so reimbursement will be made from the oldest account first.

Leave a Reply