Health Care Flexible Spending Account & Dependent Care Assistance Program

If you decide to enroll, estimate anticipated out-of-pocket medical, prescription drug, dental and/or vision expenses for the year (effective date through December 31).
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If you do not incur the total expense prior to December 31 or claim all out-of-pocket expenses by April 30, the health care plan allows a maximum of $610 in unused health care contributions from 2023 to be carried over to the 2024 plan year. The carry-over amount will be added to the current year available funds.
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If you do not incur expenses for the full amount during the plan year (effective date through December 31), federal regulations mandate that remaining funds, beyond the $610 carry over amount, may not be refunded to the employee. Iowa State University uses forfeited funds to help defray the administrative costs of the plan.