Any unused credits in your health spending account or your personal spending account carry forward for one year but can only be used on expenditures made in the current academic year. After that time, any unused credits are forfeited by the resident physician.
It is important to note any claims related to an academic year (July 1-June 30) must be made within 60 days of the year end (meaning August 30). If the claim for expenditures made is not into Blue Cross by this deadline, it will be rejected. If a resident physician is in the final year of residency, the flexible spending account terminates at the end of your contract.
However, you still have two months to get any claims to Blue Cross (for expenses incurred prior to the completion of your contract). Any unused credits remaining after the claim period are forfeited.