Some pre-tax benefits, like Parking, Transit, and Dependent Care FSA, are funded by contributions withheld from your regular paychecks, so you get a little bit each pay period—not the entire amount at once.
If you submit a claim for an amount more than your available balance, once it’s approved, you’ll first be reimbursed your entire available balance. Then the remaining balance will be reimbursed from each new contribution from your paycheck until the entire claim is reimbursed. While this is happening, that claim will be labeled as “In progress.”
Let's say you contribute $100 per paycheck and your current account balance is $100. Then, you submit a $350 claim for a child care expense.
Once the claim is approved, $100 is reimbursed immediately. The claim is now "in progress" with $250 remaining.
As payroll contributions are made and that information is shared with Forma, additional reimbursements will be sent to your linked bank account until the claim is fully reimbursed.