Most pre-tax benefits are funded directly by your employer, which means your access to them is tied to your employment status. Certain benefits may include a small "run out" period for you to submit outstanding claims.
Alternately, Health Savings Account (HSA)'s are individual accounts, tied to you, rather than your employer. Changes in employment will not impact your HSA.
What happens to my balance?
HCFSA, LPFSA, HFSA & Commuter Benefits
If your employer does not have a run-out period established, funds in these accounts will expire upon your last day.
If your previous employer has a "run out" period set, terminated employees may continue to submit claims for a set timeframe after their termination date. This period varies by company but is commonly between 30 and 90 days.
Submissions made during the run-out period will utilize any remaining balance, and no new contributions will be made during this timeframe.
Claims submitted during the run out period must be from your time of employment, meaning new card transactions and costs incurred after termination are not eligible. These claims are submitted as reimbursements and subject to review by the Benepass team.
Health Savings Account (HSA)
Unspent funds remain available for use after termination, including employer HSA contributions + employee payroll deductions to date. You can continue to use your HSA balance as per usual!
Company Perk Stipends
As a reminder, perk programs like a "Wellness" or "Work from Home" benefit will expire upon termination. You may not submit expenses for these benefits after your last day.
Accessing My Account Post-Termination
If your previous employer offers a run-out period, or you are looking to access your personal HSA, you will need to update your login credentials. Please contact Benepass Support and provide your preferred personal email address.
Questions? We are happy to help! Please reach out to Benepass Support for any assistance.