Flexible Spending Account Enrollment Change Form - Ohio

Flexible Spending Account Enrollment Change Form is a legal document that was released by the Ohio Department of Administrative Services - a government authority operating within Ohio.

FAQ

Q: What is a Flexible Spending Account?A: A Flexible Spending Account (FSA) is a tax-advantaged account that allows you to set aside pre-tax dollars to pay for qualified medical expenses.

Q: Can I change my FSA enrollment in Ohio?A: Yes, you can change your FSA enrollment in Ohio by using the Flexible Spending Account Enrollment Change Form.

Q: How do I use the Flexible Spending Account Enrollment Change Form?A: To use the form, fill out the necessary information such as your name, employee ID, and requested changes to your FSA enrollment.

Q: What types of changes can I make to my FSA enrollment?A: You can make changes to the amount of money you contribute to your FSA, add or remove dependents, or update your contact information.

Q: Are there any deadlines for making changes to my FSA enrollment?A: Yes, there are usually annual open enrollment periods during which you can make changes to your FSA enrollment. Check with your employer for specific deadlines.

Q: What happens if I don't use all the money in my FSA?A: Any unused funds in your FSA may be forfeited at the end of the plan year, depending on the terms of your FSA.

Q: Can I use FSA funds for over-the-counter medications?A: Yes, you can use FSA funds for eligible over-the-counter medications, but you may need a prescription from your doctor.

Q: What happens if I leave my job or change employers?A: If you leave your job or change employers, you may lose any unused funds in your FSA. However, you may be eligible for COBRA continuation coverage.

Q: Can I use FSA funds for my spouse's or dependent's medical expenses?A: Yes, you can use FSA funds for eligible medical expenses for your spouse and dependents, as long as they are considered tax dependents.