Laid-off 🐠: If you lost your job this month and contributed to a FSA or HSA, you have until Thursday (4/31) to spend those funds. It’s your pre-tax money, and will disappear if it’s not spend before then. This is something HR seems to fail to mention, and you may have several hundred dollars in that account.

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That’s not how an HSA works. That’s an FSA.

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Your HSA balance doesn't go away if you get laid off. I have an HSA from a past agecy that's years old and can (and have) used it to pay medical expenses without a problem. Granted it has been a little while since I used it last.

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If I have insurance until 5/31, then I would have until then to use up the FSA/HSA funds, right?

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Unlike funds in your FSA, the money in your HSA remains yours even after you lose or leave your job.

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HSA/FSA is different than Cobra. It ends immediately and you will need to.pay a monthly fee to access it, which does not contribute to your overall balance ($50 per month usually). Your employer had to front load your account so the money is there and you have time to reimburse for old expenses but can't acquire new expenses after your term/lay off date.

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