Reminder: Flexible Spending Accounts (FSA) funds must be spent by June 30

There are only three months left of the FY26 plan year (July 1 - June 30, 2026). If you are enrolled in any of the three Flexible Spending Accounts (FSAs) - health care, dependent care, or limited purpose - make a plan now to ensure that all funds in these accounts are spent by June 30. 

Use-it-or-lose-it by June 30, 2026

FSAs funds must be used on or before June 30. There is no rollover or refund on amounts remaining after June 30. 

Separating before June 30, 2026?

Funds are available up to your last day of employment. You cannot use funds from your FSAs for services rendered after your separation date. 

Universal availability (health care and limited purpose FSAs only)

Funds are available day one, even if you have not contributed the full amount. If you elect $1,000 in your health care FSA, you can spend the full $1,000 even if you have not contributed $1,000 via biweekly deductions at the time the funds are spent. 

Dependent care (DC) does not work this way. DC funds may be spent as they are deposited into your DC account via regular biweekly deductions.

Coverage ends automatically on June 30, 2026

Do you want an FSA on July 1, 2026? Plan ahead and participate in Open Enrollment. FSA benefits automatically stop on June 30 each year. You must re-enroll to continue the benefit in the next plan year.

Runout Period

You can submit charges against your FSAs between July 1 and September 30; however, the charges must be against services rendered on or before June 30. This is not a grace period or a carry over amount. Reach out to ua-benefits@alaska.edu if there are questions on the runout period.

Questions?

Review our FSA webpage. 
Unsure how to spend your funds? Review ASIFlex's catalog and contact TouchCare.

Emailed via benefits newsletter on 3/17/2026.
Contact Benefits: (907) 450-8242 | ua-benefits@alaska.edu | schedule one-on-one time