What happens to my plan after termination?

Written by Aimee Reynard

Updated 2 weeks ago

When your employment ends, your benefits do too, but here’s what you need to know for each plan.

Coverage ends on your last day of employment.
You can still submit claims for eligible expenses incurred before your separation date.
You’ll have a limited time to submit claims — this is called your “run-out” period.
Check with your employer to confirm the exact timeframe.
Most likely, your Ameriflex Debit Mastercard® will be deactivated, so you’ll need to submit manual claims.
You can be reimbursed up to your full annual election amount — even if you haven’t contributed that much yet.
Any unclaimed funds left after your run-out period will be forfeited.

Same rules as the FSA:

Manual claims are not allowed due to IRS rules.
All eligible expenses must be paid using your Ameriflex Debit Mastercard® while it is active.
Once your card is deactivated, your commuter funds will no longer be accessible.
Monthly IRS reimbursement limits still apply, even after termination.

Your HSA is a personal bank account, so:

You keep it even after you leave your employer.
You’ll receive communication from the bank custodian about managing your HSA going forward.
You can continue using the account for eligible medical expenses.

Rules vary depending on your employer’s plan:

Some HRAs allow a run-out period, others do not.
Contact your HR department or Ameriflex for specific details on your HRA.

You may be eligible to continue your FSA and/or HRA through COBRA.

Talk to your HR/Benefits specialist to see if that applies to you.

Note: DCA and CRA plans are not COBRA-eligible.

If your card is deactivated, submit claims by:

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