Can i use flexible spending account for lasik

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FSAs are only available through employer-sponsored health care plans. In most cases, FSA funds must be used by the end of the calendar year or they are forfeited back to your employer. There are some exceptions to this, including if your employer offers a rollover option or a grace period. The IRS gives employers the option to allow employees to rollover a certain amount of unused funds from the current plan year to their FSA for the following plan year.

An employer may also offer a grace period—typically a two-month and 15 day period following the end of the plan year although employers decide if you get a grace period and how long it lasts. For and , special rules apply to the rollover provision and the grace period.

Under the Consolidated Appropriations Act, employers can allow all unused funds to be carried over from to and from to Or, employers can extend the grace period to 12 months, rather than 2-and-a-half months.

The effect of either decision is the same: all unused funds can be carried over and used throughout the entire year. Internal Revenue Service. Accessed June 18, Health Insurance.

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