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Grace period announced for Flexible Spending Accounts

From: Human Resources

The Department of Human Resource Management (DHRM) has announced a Flexible Spending Account (FSA) grace period for the July 1, 2019 – June 30, 2020 plan year.

The one-time grace period to 2019-2020 FSA plans will extend the period to incur claims through Oct. 31, 2020. State employees who are enrolled in the Heath FSA or Dependent Care FSA on June 30, 2020, and have a remaining balance, may continue using those funds to file for claims incurred July 1 - Oct. 31, 2020.

All claims must be submitted by Nov. 30, 2020 in order to be eligible for reimbursement under the grace period.

For more information, visit https://www.dhrm.virginia.gov/employeebenefits/flexible-spending-accounts or www.payflex.com.

Please direct any questions to the HR Service Center at hrservicecenter@vt.edu or 540-231-9331.