{"id":676,"date":"2021-01-19T21:26:25","date_gmt":"2021-01-19T21:26:25","guid":{"rendered":"https:\/\/help.insperity.com\/hcm\/?post_type=ht_kb&#038;p=676"},"modified":"2023-04-10T12:56:44","modified_gmt":"2023-04-10T12:56:44","slug":"my-employee-no-longer-wants-to-participate-in-fsa-hsa-and-has-not-used-the-funds-deducted-from-checking-for-their-contributions-what-do-we-need-to-do","status":"publish","type":"ht_kb","link":"https:\/\/help.insperity.com\/hcm\/knowledge-base\/my-employee-no-longer-wants-to-participate-in-fsa-hsa-and-has-not-used-the-funds-deducted-from-checking-for-their-contributions-what-do-we-need-to-do\/","title":{"rendered":"My employee no longer wants to participate in FSA\/HSA\u202fand has not used the funds deducted from checking for their contributions what do we need to do?"},"content":{"rendered":"\n<p>If the employee is enrolled in an Health Savings Account they have the option to stop and\/or start&nbsp;contributing&nbsp;at any time during the plan year as they can only use what they have personally contributed to the HSA.&nbsp;Any unused HSA funds will roll over year to year, if the employee stops contributing&nbsp;at any point&nbsp;the funds are still available&nbsp;until account reaches $0.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Unlike an HSA, funds in a Flexible Spending Account are pre-funded at the time of enrollment and then deducted from the employee&#8217;s pay throughout the plan year. For this reason, an employee cannot make any changes to their FSA enrollment without experiencing a qualifying life event.&nbsp;Any unused FSA funds are lost if not spent by the end of the plan year.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If the employee is enrolled in an Health Savings Account they have the option to stop and\/or start&nbsp;contributing&nbsp;at any time during the plan year as they can only use what they have personally contributed to the HSA.&nbsp;Any unused HSA funds will roll over year to year, if the employee stops&#8230;<\/p>\n","protected":false},"author":2,"comment_status":"open","ping_status":"closed","template":"","format":"standard","meta":{"footnotes":""},"ht-kb-category":[43],"ht-kb-tag":[],"class_list":["post-676","ht_kb","type-ht_kb","status-publish","format-standard","hentry","ht_kb_category-fsa-hsa"],"_links":{"self":[{"href":"https:\/\/help.insperity.com\/hcm\/wp-json\/wp\/v2\/ht-kb\/676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/help.insperity.com\/hcm\/wp-json\/wp\/v2\/ht-kb"}],"about":[{"href":"https:\/\/help.insperity.com\/hcm\/wp-json\/wp\/v2\/types\/ht_kb"}],"author":[{"embeddable":true,"href":"https:\/\/help.insperity.com\/hcm\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/help.insperity.com\/hcm\/wp-json\/wp\/v2\/comments?post=676"}],"version-history":[{"count":4,"href":"https:\/\/help.insperity.com\/hcm\/wp-json\/wp\/v2\/ht-kb\/676\/revisions"}],"predecessor-version":[{"id":4758,"href":"https:\/\/help.insperity.com\/hcm\/wp-json\/wp\/v2\/ht-kb\/676\/revisions\/4758"}],"wp:attachment":[{"href":"https:\/\/help.insperity.com\/hcm\/wp-json\/wp\/v2\/media?parent=676"}],"wp:term":[{"taxonomy":"ht_kb_category","embeddable":true,"href":"https:\/\/help.insperity.com\/hcm\/wp-json\/wp\/v2\/ht-kb-category?post=676"},{"taxonomy":"ht_kb_tag","embeddable":true,"href":"https:\/\/help.insperity.com\/hcm\/wp-json\/wp\/v2\/ht-kb-tag?post=676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}