Flex Spending Grace Period

(January 1, 2025–December 31, 2025)

Pace University has implemented a 2½ month grace period to allow participants who enroll in the HealthCare Flexible Spending Program for the January 1, 2025 through December 31, 2025 plan year to incur eligible expenses following the end of the plan year (December 31). This means that participants may continue to incur eligible expenses through March 15, 2026. All reimbursements must be submitted to Inspira Financial by March 31, 2026.

For example

John Smith has $100 remaining in his health care FSA as of December 31, 2025. He incurs $120 expense for medical procedures on January 12, 2026.

Without the Grace Period: John would have forfeited the $100.

Existence of Grace Period through March 15, 2026: John can submit a claim for the $100 which will be reimbursed via his $100 remaining account balance for the 2025 plan year, ending on December 31, 2025 and apply the $20 toward the new 2026 balance (assuming that he re-enrolled in the FSA during the 2025 annual Open Enrollment period).

Benefits Disclaimer
_{The HR/Benefits website is intended only to provide information for the guidance of Pace University employees. The writers of the content have exercised their best efforts to ensure accuracy of the information, but accuracy is not guaranteed. If there are any discrepancies between the information on the website, verbal representations and the Plan documents, the Plan documents will always govern. The information is subject to change from time to time, and the University reserves the right to change or terminate these Plans at any time. The information contained on the website is not intended to replace the plan documents, nor is the information in any way intended to imply a contract.}