Flexible Spending

Have your medical or dependent care needs recently changed?

 

Typically, changes to your FSA accounts may only be made during Open Enrollment or with a qualifying event. However, due to COVID-19, election changes may be made mid-year without a qualifying event for this 2020 plan year. For medical FSAs you may:

  • Enroll
  • Cancel
  • Increase or Decrease your elections

Election changes without a qualifying event must be submitted prior to November 25, 2020 and you cannot decrease your election below the amount already contributed or the amount already reimbursed year to date. 


Any change to your dependent care expenses is a qualifying event to start, stop, or make changes to a Dependent Care FSA and does not need to be COVID-19 related.


You can make changes to your Dependent Care FSA within 31 days if: 

• You have removed your dependent from care or reduced their attendance for any reason. 

• You have recently enrolled your dependent in a qualifying dependent care program for any reason. 

• You have recently had changes to your dependent care expenses for any reason.  

Changes can be made in PeopleSoft under Employee Self Service - for more information, please see the FSA/TRA Handbook or reach out to the Benefits Staff. 


Also, for employees with a 2019 FSA balance, the grace period has been extended through the end of 2020. 

  1. What is an FSA / TRA?
  2. Contact & Account Info
  3. Eligibility
  4. Options
  5. Important Information
  6. FSA Resources

What is an FSA/TRA?


Flexible Spending Accounts (FSA) and Transportation Reimbursement Accounts (TRA) allow you to use pre-tax dollars to pay for certain dependent care, health care, and transportation expenses that you would normally pay for with after-tax dollars. This can mean a significant tax savings on qualified expenses.


You have 30 days from the date you begin working to enroll in this plan, or you may enroll during the annual open enrollment period held in December. To continue participation, you must re-enroll each year.


For FSA/TRA new hire enrollment, within 30 days of hire, log into Employee Self Service in PeopleSoft, select the Benefit Details tile and complete the steps under Benefits Enrollment. For FSA qualifying event changes mid-year, you will create a life event under the Benefit Details tile and for TRA qualifying event changes mid-year, you will need to complete a paper form


Smart Spending Scrabble Tiles