Dependent FSA Mid Year changes

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Can an employee change their dependent care FSA election for an off calendar plan year now, due to COVID-19 pandemic cancelling summer camps?

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Posted by Dee
Asked on August 14, 2020 3:54 pm
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Private answer

IRS Notice 2020-29 authorizes Section 125 Plans to allow plan participants to make certain mid-year changes of election during 2020 that would typically be prohibited under the federal regulations governing such changes.  For more information, please discuss which plan amendments have been adopted by your employer with your employer's benefit advisor.

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Posted by Admin America (Questions: 3, Answers: 8)
Answered on August 14, 2020 4:03 pm
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