You will have a specific amount of time, called the run-out period, during which you can submit claims that were incurred prior to your termination date. The run-out period for the prior plan year ends on April 30 of the subsequent year. For example, the run-out period for Plan Year 2020 ends April 30, 2021. You may not be reimbursed for any claims incurred after your termination date. However, you may be able to continue your Health Care FSA coverage under COBRA.
Posted in FLEXIBLE BENEFITS OFFERED BY OGB.