Skip to main content

Hey everyone, 

I need some advice, I left my job for a promotion at another company. I have never switched jobs before so those 2 weeks flew by and I didn't really know what I was doing. My final day at my previous employer was 7-24-19. I recieved a letter in the mail today that I was no longer eligible to use my FSA. Is that money that I literally just lose, any suggestions on what I can possibly do to utilize that money at this point? I hadn't realized the FSA was different than my HSA (which if I understand correctly that is mine to keep no matter what). This is all so confusing, anyone with any advice would be highly appreciated, thank you in advance! 

Last edited by Briana
Original Post

Replies sorted oldest to newest

I don't know much about this topic but I did find this article online that does a good job of explaining things.

Basically, in most cases the money in your FSA goes back to your previous employer and can't be used after you have left your job.

The only chance it looks like that you would be able to use it still is if "you are eligible for and choose COBRA continuation coverage" according to the article.

I agree with one of the other members.  I would suggest you contact your old HR Department.  Also, check with your health insurance and see if you have any outstanding bills that were created before leaving the old job, maybe the FSA can cover it.  Unfortunately, FSA are use or lose, you have to spend it all before leaving the job.  An HSA is yours even when you leave a job.

Your HSA goes with you when you leave your job. I have an account and use it now in semi-retirement, and am so grateful that I have it as I had surgery in May and still suffering complications. It really helps with extras that Medicare and my Medicare Supplemental Plan won't cover.

For example,  I was recently diagnosed with lympomedia (sp) as a result of the surgery, and I use the account to buy things the physical therapist requested such as leggings for circulation, special lotions and creams, shoes, etc. I also use if I just want to try something other than what insurance will cover.

All of these extras can be written off at tax time, so not only are you saving by having your HSA non-taxable during the year but you save at tax time. You can continue to make contributions as well as I've been doing. You can also invest with HSAs. Getting an HSA while I was fully employed was one of the best things I've done.

Add Reply

Link copied to your clipboard.