It sounds like you are talking about what is called the "particle horizon". It does expand over time.
Have a look at the top figure here.
http://ned.ipac.caltech.edu/level5/March03/Lineweaver/Figures/figure1.jpg
You see the dashed curve labeled "particle horizon"?
This is like the track of a flash of light that OUR matter released around the start of expansion. It shows how far it can have gotten, helped by expansion.
By the present day it can have gotten 46 Gly (46 billion light years).
The horizontal distance scale in the top figure is called PROPER distance, the closest thing to actual real at-this-moment distance. Imagine stopping expansion and measuring by conventional means e.g. radar or a long string.
The other two figures have a different (but useful) scale called COMOVING distance. Imagine labeling every bit of matter by the proper distance it is today in 2013. Tag it permanently with that. this "distance" number does not change in any way. The matter's comoving "distance" is the same in year 1 and the same in year 100 billion as it is today in year 13.8 billion.
You have this very good intuitive insight that there is matter which a flash of light from our matter will never reach, ever. Even if the flash was emitted in year 1, very early, and has already been traveling 13.8 billion years, and has all the time of the future to travel, it will never get to that matter
because of expansion.
Yes, and the critical distance is 63 Gly (63 billion light years). You can see that in the BOTTOM figure on the same page. Matter that is now at a distance of 63 Gly or beyond will never get light from here. And we will never SEE light emitted by that matter, even the light it emitted long ago near start of expansion will never reach us no matter how long we wait.
But our descendants or other Milkyway creatures WILL eventually see light emitted by matter which is, today, less than 63 Gly from here. I don't mean light emitted today (the range of signals sent today is governed by a different horizon called cosmic event horizon or CEH)--I mean light that the matter emitted in early days, which has the most chance of reaching us.
We will eventually get light from stuff that is now nearer than 63 Gly. So it will become part of our observable region. But that is the limit.
Can you see where the particle horizon line hits the comoving distance axis at around 63?