Flexible Spending Account (FSA) Election Change Form - Delaware

Flexible Spending Account (FSA) Election Change Form is a legal document that was released by the Delaware Department of Human Resources - a government authority operating within Delaware.

FAQ

Q: What is a Flexible Spending Account (FSA)?A: A Flexible Spending Account (FSA) is a type of health savings account that allows employees to set aside pre-tax money to pay for eligible medical expenses.

Q: How do I change my FSA election?A: To change your FSA election, you need to fill out and submit the FSA Election Change Form.

Q: What is the purpose of the FSA Election Change Form?A: The purpose of the FSA Election Change Form is to request a change to your Flexible Spending Account (FSA) election, such as increasing or decreasing the amount of money you contribute.

Q: Are there any restrictions on changing my FSA election?A: There may be restrictions on changing your FSA election, such as certain deadlines or limitations set by your employer or the Delaware government.

Q: What happens if I change my FSA election?A: If you change your FSA election, the new election will typically take effect at the start of the next plan year or during a qualifying event, depending on the specific rules and regulations.

Q: Can I make changes to my FSA election at any time?A: No, you cannot make changes to your FSA election at any time. Changes are typically only allowed during open enrollment periods or when you experience a qualifying event.

Q: What types of expenses are eligible for reimbursement from an FSA?A: Eligible expenses for reimbursement from an FSA may include medical and dental expenses, vision care expenses, prescription medications, and certain over-the-counter items.

Q: Can I use FSA funds for expenses incurred by family members?A: Yes, you can use FSA funds for eligible expenses incurred by yourself, your spouse, and your dependents.

Q: What happens to unused FSA funds at the end of the plan year?A: Unused FSA funds at the end of the plan year may be forfeited, depending on the specific rules and regulations set by your employer or the Delaware government. However, some plans may offer a grace period or allow for a limited carryover of funds.