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HSA & FSA Deadlines: What You Should Know

If you have a Health Savings Account (HSA) or Flexible Spending Account (FSA), you might be aware that some changes were made to both recently. From HSA deadlines to FSA deadlines to contribution increases, there were several noteworthy FSA and HSA changes that took place. Here’s what you should know, especially if you’re considering using funds from either account to pay for LASIK or other eye-related expenses.


Let’s start with the one that’s a bit more straightforward. This year, the IRS extended the HSA deadline from April 15, 2021 to May 17, 2021. This gave folks roughly an extra month to get their contributions in. While it’s not yet clear if such an extension will happen in 2022, it is possible. Plan on the usual deadline of April 15, but keep an eye out to see if there’s word of an extension as that deadline approaches.

Additionally, there were slight increases made this year to the maximum amount you can contribute to your HSA. For yourself, the limit is now $3,650 and for a family, the limit is now $7,300. These adjustments were made to account for inflation.


There’s a little more to take note of on the FSA front. First, recent legislation gave employers the option to waive their FSA deadline in 2021. They are also able to let employees roll over all of their unspent FSA money into the next year, if they choose. The carryover from 2022, however, will be capped at $550 as usual (and may be adjusted slightly for inflation).

Second, employers have the ability to expand the FSA Grace Period for eligible employees up to 12 months from their deadline, giving them extra time to spend their 2021 funds. Like with the rollover change above, though, this flexibility will no longer be available at the end of the 2022 year.


HSAs and FSAs can be confusing, but they are extremely valuable in helping you save money and pay for medical needs. The best way to find out the specifics of your plan, and all of your options, is to speak with someone in your HR department.

If you’d like to use HSA or FSA dollars to fund anything eye-related, you can also give us a call and we can help you figure out what’s available and how it works. Contact us today!