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Flex Account Ends When Employment Ends. When employment is terminated, regardless of the circumstances, you can no longer participate in the company's flexible-spending program, and money in the account cannot transfer to another employer.pending More Than You Contribute. With most flexible spending accounts, funds are available on the first day of the plan year. If you spend the entire balance and leave the company before contributing the total amount agreed, you aren't required to pay back the funds.
If you have money taken out of your paycheck before taxes for medical expenses, you know you have to use that money by the deadline or kiss it goodbye.hen an employee allocates some of each paycheck to an FSA, they immediately have access to the full amount they plan to put in for the full year. Sometimes, an employee may spend their whole year's worth of Flex money before the end of the year and then leave the company before making all their contributions.