If I have a Health Care FSA balance that carried over to the next plan year and I depart mid-year, can I take the funds with me?
If you elect COBRA continuation of coverage for your Health Care FSA, you may use any remaining funds in the FSA during the current plan year. You may use up to $550 of carryover funds to pay qualified expenses incurred during the next plan year, limited to the applicable COBRA continuation period. If you do not elect COBRA continuation of coverage, Health Care FSA carryover funds are non-transferable, and you cannot carry over any health care FSA funds to pay qualified expenses incurred in the next plan year. Funds will be forfeited if not submitted by the "Claim It By" Date for expenses incurred prior to the plan year end date. You must be an active participant or COBRA beneficiary on the last day of the plan year in order to have funds carried over to the next plan year.