Robins employer sponsors a group health insurance plan and a health care flexible spending account (FSA). This year (2020), Robin contributed $1,000 to the FSA. Her out-of-pocket copayments and deductibles for medical and dental care were $950, and she spent $50 to purchase aspirin and over the counter cold remedies in preparation for the cold and flu season. Which of the following statements concerning Robins FSA is correct?