Employees who are currently enrolled in the Dependent Care FSA (DCFSA) may make an Election Change Request.
The application must be received within 30 days of the closure and/or decrease in hours of the daycare location (or) within 30 days of the return to daycare.
Reason for Request: Change in Cost
Applications will be processed effective the 1stof the month on/following the receipt of the application.
Current 2020 Funds
There is no current change to FSA or DCFSA rollover guidelines.
A change is determined by IRS guidelines, Connect Your Care (CYC) and Employee Trust Funds (ETF)
Current FSA Guidelines:
Medical FSA: $500 Rollover
Dependent Care FSA: No funds may roll over
FSA contributions (with the exception of the standard $500 Medical FSA rollover) must be used prior to end of day 12/31/2020 or in cases of termination prior to 12/31/2020 –the last day of the month in which the last deduction occurred.