- The same carry forward provisions will apply to both HCSA and TWSA.
- Unused account balances can be carried forward and combined with new Flex Credit allocations for the following calendar year.
- At the end of the second calendar year, any balances remaining from the previous carry-forward will be forfeited. Please note: For individuals with 2019 HCSA or TWSA balances that are set to expire on December 31, 2020, in light of the COVID-19 pandemic employees will be provided with a one-time exception to carryforward unspent funds for an additional twelve (12) month period to be utilized through to but not beyond December 31, 2021.
- Carry forward balances must remain in the the original accounts (i.e. no inter account transfers are permitted once the allocation election has been made)