Can I change or cancel my FSA after I have made my election?

Your election in the FSA is irrevocable. You cannot make a change in your election after your period of coverage begins. If you experience a qualifying Change in Status event, you may be permitted to change the election in your Healthcare FSA, Healthcare Limited FSA, or Dependent Care FSA. You will need to contact your HR department to process your Change in Status event. Your requested change must correspond to the event, and you must request the change within 30 days.
 
Qualifying Change in Status events that apply to Healthcare FSA, Healthcare Limited FSA, and Dependent Care FSA may include:

  • Change in your legal marital status – including the gain or loss of a spouse
  • Change in the number of your dependents – including gain or loss of taxable dependents
  • Change in your employment status or that of your spouse or dependents
  • Commencement of employment that triggers eligibility
  • Termination of employment that causes a loss of eligibility.

Qualifying Change in Status events that apply to Dependent Care FSA may include:

  • Change in your dependent care provider
  • Change in your dependent care needs
  • Change in the cost of dependent care
  • If the dependent care provider is a relative, an increase in fees is not a qualifying Change in Status event.