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August 31 is the last day of the 2017-2018 plan year. It is also the last date by which you can incur eligible dependent care expenses to claim towards your 2017-2018 plan year DCRA election.
You must use up the funds in your DCRA no later than August 31.
This is different from the Healthcare Reimbursement Account (HCRA) in which you are able to incur eligible expenses through the Grace Period (November 15) to use up the funds in your 2017-2018 account.
For both accounts, you have until November 30 to file claims for reimbursement.
The UT FLEX spending account plans are “use it or lose it" plans. Any amounts you do not use throughout the plan year (and during the grace period for health-related expenses) will be forfeited.
For any questions about your DCRA or HCRA accounts, please contact Maestro Health directly at (844) UTS-FLEX (887-3539) or firstname.lastname@example.org. You can view eligible expenses on the Maestro Health web site: www.MyUTFLEX.com.