Overview
Noticed "Funds exhausted for Benefit Period" on one of your expenses?
If you haven't seen this status before, you might be wondering what happened to your expense and what it means for your reimbursement.
Let's break it down!
The details
What does it mean?
Your HSA contributions are connected to a specific Benefit Period. If you've used all of the funds available for that Benefit Period, any remaining balance on an expense typically can't be reimbursed using funds from a future Benefit Period.
"Funds exhausted for Benefit Period" doesn't necessarily mean there was anything ineligible about the expense itself. There just weren't enough funds remaining from the benefit period in which the expense was incurred to reimburse the full eligible amount.
This is different from not having enough funds available when you submit your expense. If you have more HSA contributions coming before the end of the same Benefit Period, you may be able to receive additional reimbursements as those funds become available.
How does it work?
If you don't have enough funds left to reimburse the full eligible amount, we'll reimburse as much as we can using the funds that are still available.
For example, let's say your Benefit Period runs from 01-01 to 12-31. You have $100 left in your HSA, and submit an eligible expense for $250 with a service date of December 15.
We'll reimburse the $100 that's available, and you'll see "Funds exhausted for Benefit Period" on the remaining $150.
When your new Benefit Period begins on January 1, you may see new funds available in your HSA. These funds belong to your new Benefit Period and can't be used to reimburse the remaining $150 from your December 15 expense.
Anything else?
You can check your available funds and Benefit Period dates any time in your Member Centre.
These articles will show you how: