Can I Change My Annual Election During the Plan Year?
Since the elections you choose are binding until the next enrollment period, it’s very important you plan your annual election amount carefully. Once you authorize payroll deductions to your FSA, you may not cancel or change those elections or add coverage until the next enrollment period; however, there are exceptions to this rule. You may change or revoke your annual election(s) during the plan year if you experience a change in family status. Some examples of major changes in family status include:
- marriage
- divorce
- death of a spouse or child
- birth or adoption of a child
- termination of a spouse’s employment.
If one of these changes occurs and you wish to change your annual election amount, please contact your human resources department. Contact S & A, Inc. with any questions concerning allowable changes in status.
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