March 31, 2022 is the deadline to submit and substantiate your 2021 Flexible Spending Account (FSA) claims. To be reimbursed for out-of-pocket health care and dependent day care expenses from your 2021 FSA, you must have incurred eligible expenses by December 31, 2021.
An FSA allows you to be reimbursed for certain out-of-pocket expenses with tax-free dollars. Since these are spending accounts, the money is intended to be spent. Below are the eligible expense lists.
How to Submit Eligible Expenses for Reimbursement
Include the required IRS supporting documentation with your submission. Optum Financial will contact you directly when additional information is needed. Remember, all claims must be submitted and substantiated by March 31, 2022.
- Healthcare FSA: Up to $550 of unused funds will carry over from 2021 to 2022 on/after April 15, 2022. This applies even if you did not enroll in a Healthcare FSA for 2022. Unused funds greater than $550 will be forfeited.
- Dependent Day Care Account: There is no carry over from 2021 to 2022. Unused funds will be forfeited.
For questions about your claims, eligible expenses, or your payment card, contact Optum Financial at (833) 881-8158.
For general information, review the UW System Employee Benefits FSA web page.
Source: UW System Human Resources