{"id":29021,"date":"2020-07-22T11:10:10","date_gmt":"2020-07-22T16:10:10","guid":{"rendered":"http:\/\/postalemployeenetwork.com\/news\/?p=29021"},"modified":"2020-07-22T11:10:10","modified_gmt":"2020-07-22T16:10:10","slug":"fsa-update-changes-allowed-during-limited-period","status":"publish","type":"post","link":"https:\/\/postalemployeenetwork.com\/news\/2020\/07\/22\/fsa-update-changes-allowed-during-limited-period\/","title":{"rendered":"FSA Update &#8211; Changes Allowed During Limited Period"},"content":{"rendered":"<p>USPS News Link &#8211; 7\/22\/20 &#8211; Postal Service employees who participate in flexible spending accounts (FSAs) can make changes during a 60-day period that began July 1 and ends Aug. 29.<\/p>\n<p>FSA Feds, the organization that administers FSAs, is allowing changes due to the\u00a0<em><a href=\"https:\/\/link.usps.com\/coronavirus\/\" target=\"_blank\" rel=\"noopener noreferrer\">coronavirus pandemic<\/a><\/em>, although participants don\u2019t need to be directly affected by the coronavirus to make changes.<\/p>\n<p>Additionally, participants don\u2019t need to experience a qualifying life event \u2014 such as a marriage, divorce or birth \u2014 to make changes, and they aren\u2019t required to provide documentation.<\/p>\n<p>During the 60-day period, all participants who have enrolled in a 2020 health care flexible spending account (HCFSA), limited expense health care flexible spending account (LEX HCFSA) or dependent care flexible spending account (DCFSA) will be allowed to make a one-time change \u2014 an increase or a decrease \u2014 in the amount of their annual election in each FSA account in which they are enrolled.<\/p>\n<p>Under IRS guidance, the election change is effective prospectively, which means it will take effect on the first pay period after approval by FSA Feds. Accordingly, participants cannot receive a refund of allotments from pay they have already made to their FSA accounts year-to-date.<\/p>\n<p>In addition, participants cannot decrease their election below the amount already allotted to the FSA account or the amount already reimbursed for eligible expenses, whichever is greater.<\/p>\n<p>Employees who have questions or would like to make changes should go to\u00a0<em><a href=\"http:\/\/www.fsafeds.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">www.fsafeds.com<\/a><\/em>\u00a0or call 877-372-3337.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-29022 size-medium\" src=\"https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2020\/07\/FSA-300x176.jpg\" alt=\"\" width=\"300\" height=\"176\" srcset=\"https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2020\/07\/FSA-300x176.jpg 300w, https:\/\/postalemployeenetwork.com\/news\/wp-content\/uploads\/2020\/07\/FSA.jpg 478w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>USPS News Link &#8211; 7\/22\/20 &#8211; Postal Service employees who participate in flexible spending accounts (FSAs) can make changes during a 60-day period that began July 1 and ends Aug. 29. FSA Feds, the organization that administers FSAs, is allowing changes due to the\u00a0coronavirus pandemic, although participants don\u2019t need to be directly affected by the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":29022,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-29021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking","last_archivepost"],"_links":{"self":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/29021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/comments?post=29021"}],"version-history":[{"count":1,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/29021\/revisions"}],"predecessor-version":[{"id":29023,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/posts\/29021\/revisions\/29023"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/media\/29022"}],"wp:attachment":[{"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/media?parent=29021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/categories?post=29021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/postalemployeenetwork.com\/news\/wp-json\/wp\/v2\/tags?post=29021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}