December 2, 2020
If you didn’t spend all of the money you set aside for the 2020 Health Care Spending Account, don’t worry.
You can use up to $500 in unexpended funds for eligible expenses in 2021. And UUP members enrolled in the 2020 Dependent Care Advantage Account have more time to use funds leftover from 2020.
According to the Governor’s Office of Employee Relations, UUP-represented members can use up to $500 in 2020 HCSA funds, in part because of the many closures and health care cancellations caused by the coronavirus pandemic. The IRS allows for an employer to carry over remaining balances for use during the next year.
Click HERE to check your 2020 HCSA balances or call 1-800-358-7207 for more information. Email email@example.com or call WageWorks/Health Equity at 1-800-358-7202 with questions about the extension.
DCAA enrollees have an additional two-and-a-half months to use unspent 2020 funds for eligible expenses in 2021. Claims can be submitted for care provided between Jan. 1 and March 15, 2021; the claims must be filed by March 31, 2021.
The extension may help provide some financial relief, allowing you to use dollars set aside for dependent care costs that you couldn’t use due to coronavirus-related closures of services such as before school and after school programs, childcare centers and camps.
Click HERE to check your 2020 DCAA balance or call 1-800-358-7207 for more information. Email firstname.lastname@example.org or call WageWorks/Health Equity at 1-800-358-7202 with questions about the grace period or your DCAA.