FSA Mid-Year Enrollment and Changes due to COVID
Due to recent Internal Revenue Service guidance in response to COVID-19, GW is providing increased flexibility for the GW Health Care Flexible Spending Account (HCFSA) and the Dependent Day Care Flexible Spending Account (DCFSA).
The following changes are allowed to be made to your 2020 FSA account through 12/10/2020:
- Newly enroll in a 2020 FSA.
- Increase your current 2020 FSA election. Please note: You cannot increase your 2020 FSA election above the annual amount determined by 2020 Plan testing.
- Decrease your current 2020 FSA election.*
These changes are allowed regardless of whether a qualifying life event (i.e. marriage, adoption) occurred, or the employee was affected financially by COVID-19.
*Special note about decreasing an FSA election: Employees may not reduce an election below the amount that has already been reimbursed or has been contributed, whichever is higher. For example, if an employee has contributed $500 to a 2020 DCFSA, and would like to cancel all future DCFSA elections, the employee would select $500 as their new contribution.
To Make Changes Via EasyEnroll:
- Login to EasyEnroll
- Select "Click Here" then “Enroll Now” under Benefits enrollment
- Select “FSA Mid-Year Change” at the end of the Live Events list
- Continue through the prompts to make changes to your elections
- Save a copy of your confirmation for future reference
When Are Changes Effective?
Your FSA election changes are effective the 1st of the month following the date you make a change in the EasyEnroll System or the 1st of the month if the change is made on the 1st of a month.
Contact Benefits at [email protected] at (571) 553-8382.