Can I change my flexible spending account election mid-year?
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
* Judgements, decree or court order
* Entitlement or loss of Medicare or Medicaid
* Dependent satisfies or ceases to satisfy eligibility requirements
* Special requirements related to FMLA
* COBRA
* Change in employment status
* HIPAA Special Enrollment Rights
* Change in residence that affects eligibility for coverage
To request a status change, complete the Status Change Form and return to your employer. There is a 30 day timeframe from the date of the status change to provide to your employer your request for an election change (Status Change Form).
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