Unsused dependent care funds

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Can unused dependent care funds (due to Covid related childcare closures) be moved to participant medical care fund accounts?

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Posted by SEJWC
Asked on October 9, 2020 2:10 pm
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Private answer

Dependent Care FSA funds are not able to transfer to the Medical FSA, however IRS Notice 2020-29 does allow for some plan amendments to the 2020 plan year in light of COVID. To determine if any amendments have been adopted by your employer, please contact your HR Department.  

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Posted by Admin America (Questions: 3, Answers: 8)
Answered on October 9, 2020 2:18 pm
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