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Is there a grace period for Hcfsa in NYC?

The Grace Period affords you an opportunity to use any remaining funds without having to forfeit your entire balance after the last day of the Plan Year. The Grace Period during which you may use your remaining balance in your Plan Year account is from January 1st through March 15th following the end of the Plan Year.

How does Hcfsa work?

A Health Care Flexible Spending Account (HCFSA) helps an employee save money on taxes by paying for eligible out-of-pocket medical, dental, vision, or other qualifying expenses for the employee and his/her eligible dependents (as defined by the IRS) with pre-tax dollars.