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What happens to my FSA when I leave?

What happens when I leave my job or am no longer there? Will I owe money back if I have not contributed as much as I have spent?
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  • This reply was removed on 2010-01-13.
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  • If you leave your Employment your Card becomes Tempinactive and you are no longer able to use this. Now if you have out of pocket expenses prior to your leaving and have the service date on or before your last day you can submit those receipts to be reimbursed from your flexible spending account, if you have no funds available then you may not submit the receipts. You would hae to call to see if you have a positive balance or a negative balance in your FSA account.
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  • You would not have to repay if you have spent more than you have contributed. That is the employer's "risk". Similarly, as Cyndi pointed out, if you left, you'd only be reimbursed for dates of service on or before your term date. - that is the employee's "risk".

    Additonally, if you overspend your account, you would not be offered COBRA to continue access to your FSA funds. Not regular COBRA (you may still be eligible for that) ; but FSA COBRA that allows you to continue the FSA program.
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