IRS Notice 2020-29 allows for the following changes for FSAs:
- FSA participants can make changes to their FSA elections without a qualifying life event (QLE) including decreasing and ending enrollment through August 31, 2020. Participants should contact ERS if they want to change or end their FSA.
- Health care, limited-purpose and/or dependent care FSA participants can use their Plan Year 2020 (September 1, 2019 – August 31, 2020) funds to pay for eligible expenses through December 31, 2020.