Flex spending and job change - Mothering Forums

 
Thread Tools
#1 of 5 Old 10-19-2011, 01:50 PM - Thread Starter
 
APToddlerMama's Avatar
 
Join Date: Oct 2009
Posts: 2,130
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)

We accidentally put too much in our Flex Spending Account which wouldn't be a problem because I guess we can use it on expenses through March 2012, but now it looks like DH will be getting a new job.  Do we just lose that money if he takes a new position, or does the money in our Flex Spending Account come with us?  TIA! 

APToddlerMama is offline  
Sponsored Links
Advertisement
 
#2 of 5 Old 10-19-2011, 04:18 PM
 
TiredX2's Avatar
 
Join Date: Jan 2002
Location: it appears to be a handbasket
Posts: 19,789
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)

You should be able to continue spending it (at least we were able to with DP changing jobs).

 

That said, they will no longer be withdrawing so you might not end up with an overage after all.


 

 

TiredX2 is offline  
#3 of 5 Old 10-19-2011, 04:22 PM
 
TiredX2's Avatar
 
Join Date: Jan 2002
Location: it appears to be a handbasket
Posts: 19,789
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)

According to this page, it is up to the invidual employer what happens to the money:

 

http://www.associatedcontent.com/article/504529/dont_lose_out_on_contributions_to_your.html

 

This also says that you only get access to the money while you are still employed (unless you go on Cobra):

 

http://www.kiplinger.com/columns/ask/archive/2009/q0402.htm

 

Definately contact your DH's HR department asap.


 

 

TiredX2 is offline  
#4 of 5 Old 10-19-2011, 05:12 PM - Thread Starter
 
APToddlerMama's Avatar
 
Join Date: Oct 2009
Posts: 2,130
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)


Quote:
Originally Posted by TiredX2 View Post

According to this page, it is up to the invidual employer what happens to the money:

 

http://www.associatedcontent.com/article/504529/dont_lose_out_on_contributions_to_your.html

 

This also says that you only get access to the money while you are still employed (unless you go on Cobra):

 

http://www.kiplinger.com/columns/ask/archive/2009/q0402.htm

 

Definately contact your DH's HR department asap.


Thank you.  Unfortunately, DH cannot talk to HR about it because he doesn't want them to know he's looking for other jobs.  Once he has another offer, we'll obviously tell them, but I was hoping to know before hand.  I guess in the end, he'll take a different job regardless, but I am hoping we don't lose all of it. 
 

 

APToddlerMama is offline  
#5 of 5 Old 10-20-2011, 09:12 PM
 
goldfishkate's Avatar
 
Join Date: Sep 2006
Location: Midwest
Posts: 135
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)

Usually employees lose their flex spending accounts when they change jobs. Sometimes you can keep your exsisting balance if you purchase COBRA. I would recommend trying to use the remainder of your account before he leaves the company just incase. If you have a negative balance at the time of seperation, the company cannot ask you for repayment.   

JollyGG likes this.

Kate~ Mama to two.
goldfishkate is offline  
Reply


User Tag List

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Posting Rules  
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

Online Users: 13,856

94 members and 13,762 guests
agilesheltie , AmandaBrooke , apmomsocal , bananabee , BarefootBrooke , bluefaery , bubbagirl , Cheeky-One , Citymomx3 , clar5108 , cocoheart , dahlia810 , Dakotacakes , DarcySD , Dawn's mom , Deborah , defams , Emanresu , EMRguy , farmermomma , frugalmama , Gaoxing , gooseberry , greenemami , HappyClappy , healthy momma , heyxxmcfly , hillymum , Incubator , jelymead , Jessica765 , jojobean , juliebird , junipermuse , K703 , kathymuggle , Kushali , lalalovely , lana.theis , lilmissgiggles , LiLStar , llwr , LTurtle , mama24-7 , mamabear0314 , mamabear81 , mamaprovides , mariamadly , MDoc , Milk8shake , Mirzam , mnj77 , moominmamma , MulberryMom , mum4vr , MylittleTiger , NaturallyKait , oaksie68 , Piskito , Polliwog , primalmom , prosciencemum , rachieface , rainydaywoman , Reyhan , RollerCoasterMama , rubelin , SandiMae , sarafl , sarahl918 , shantimama , shoeg8rl , sidrajedi , siennaflower , sillysapling , SkylerLiz , sofreshsoclean , Soseraphina , thinkingmom , Tigerle , tommygirl , TrishWSU , zannster , ZurieFleur
Most users ever online was 449,755, 06-25-2014 at 12:21 PM.