Just like most traditional benefit Plans, HSAs also fall into a 12-month Claim Period.
The intent is for Claim Period funds to be used for the reimbursement of claims dated within the Claim Period.
For even more detailed information, including examples, check out our article Health Spending Account Plan dates affect claim reimbursements.
That means if you've used up your funds for the current Claim Period, you won't be able to carry forward claimable expenses from the current Claim Period to be reimbursed using the next Claim Period's funds.
We'd love it if we could, but we have to follow the sometimes pesky guidelines that the CRA sets out, in order to protect you from any possible future tax implications - and no one wants that!
We'll definitely reimburse whatever we can using current Claim Period funds, and any outstanding balance will be ineligible if Claim Period funds are exhausted.
This is when you'll see a claim note in the claim in your online Member Centre indicating "Funds exhausted for Claim Period".