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FAQs

Most Popular Questions

Why was carryover selected to replace the grace period?

When surveyed by OPM, FSAFEDS participants preferred carryover, and OPM determined that carryover provided the best protection against forfeitures for most participants. Rather than only having 2 1/2 months to incur expenses to deplete your prior year balance, you have a full year. In addition, if you do not use the funds, you can continue to carry the balance forward, as long as it does not exceed $500 in total and you reenroll for the following year.