Submitted by jediaz on Wed, 02/10/2021 - 10:31

Flexible Spending Account (FSA)

Changes made to the Flexible Spending Account (FSA) rules at the end of December now allow for the carry-over of funds from one calendar year to the next.

Any unused funds from 2020 will be carried over to 2021.  This will apply to both Medical FSAs and Dependent Care FSAs.  These dollars can be used in two ways:

  1. To pay for expenses incurred in 2020, but submitted for reimbursement in 2021.
  2. To pay for expenses incurred in 2021.

AccrueHealth, our partner in administering the FSA program, will process claims utilizing any 2020 plan funds first. The debit card is setup to function in the same manner, utilizing any 2020 plan funds first.

At the end of the year, any unused funds contributed in 2021 will then be carried over into 2022.

If you have any questions, you can call AccrueHealth directly at 1-844-643-3099.

Health Reimbursement Account (HRA)

Up to $500 per employee of your unused Health Reimbursement Account (HRA) funds earned in 2020 will now be carried over into 2021.  

These funds are earned through your completion of certain wellness activities through the year.  

For more information on the Rally Wellness incentives, please visit our webpage at   https://hr.tulane.edu/benefits/new-wellness-incentive-program.