March 31 Deadline Approaching for Spending Account Claims Submission

Employees who had 2024 flexible spending accounts—including health care flexible spending accounts (FSAs), limited purpose flexible spending accounts (LPFSA) and/or dependent care flexible spending accounts (DCFSA) as well as health reimbursement arrangements (HRA)­—have until March 31 to submit claims for reimbursement for expenses incurred in 2024. Any funds remaining in accounts after March 31 will be forfeited.

As a reminder, the IRS requires that all of these claims require substantiation with supporting documents that meet certain IRS requirements. Additionally, funds can only be used for IRS-qualified medical expenses. Substantiation must also be provided by March 31. Claims not substantiated by the deadline will be reported on your 2025 W-2 and taxed accordingly.

Claims may be submitted using the HSA Bank Reimbursement Request Form or online at www.hsabank.com or via the HSA Bank app: log in, click “File a Claim,” select the account and follow the prompts to submit supporting documentation and enter the claim details.

Questions regarding unsubstantiated claims should be directed to HSA Bank at 800-357-6246. Questions regarding tax should be directed to a tax advisor or HSA Bank.