Loading Profile...
EMPLOYEE
Can I change my Flexible Spending Account election mid-year?
Can I change my Flexible Spending Account election mid-year?
1
person has this question
I have this question, too!
Tell me when someone answers.
The more people who ask this question, the more it gets noticed.
The more people who ask this question, the more it gets noticed.
The company marked this question as answered.
-
Inappropriate?In general, once the plan year has started an election may not be changed unless there is a status change event.
Status change events as defined by the IRS include:
* Change in legal marital status
* Judgments, decree or court order
* Entitlement or loss of Medicare or Medicaid
* Dependent satisfies or ceases to satisfy eligibility requirements
* Special requirements related to Family Medical Leave Act (FMLA)
* Entitlement to COBRA
* Change in employment status
* HIPAA Special Enrollment Rights
* Change in residence that affects eligibility for coverage
There are special exceptions for making mid year election changes for Dependent Care FSA accounts as well as Qualified Transit and Parking Accounts.
