With well being care FSA accounts, you need to use the total quantity elected, even in the event you’ve solely contributed a portion once you depart. With dependent care accounts, you need to use what you’ve contributed as much as your closing paycheck.
Most FSA plans provide a grace interval, permitting you to submit claims after you allow. However you’ll be reimbursed just for eligible bills that occured on or earlier than your final day, so top off on chilly medication, hand sanitizer and ibuprofen earlier than calling it quits.
There’s one exception: If you happen to go for COBRA protection (extra on that beneath), you might be able to maintain your well being care FSA. If you happen to go this route, you’ll proceed to contribute, plus pay any FSA and COBRA administration charges.
2. Spend any unused commuter advantages
Did you make pretax contributions to pay for parking or public transportation? Use these funds earlier than your final day otherwise you may lose them ceaselessly.
3. Get checkups, refill prescriptions
In case you have medical health insurance by your employer, handle any routine medical appointments (and nonroutine stuff you’ve been pushing aside) earlier than your insurance coverage runs out.
When your employer-provided plan will finish depends upon your employer, although it’s sometimes both in your final day or on the finish of the calendar month during which you left.