Can employees make changes to their FSA contributions during the plan year?
In general, changes can only be made during the annual open enrollment period. However, exceptions may be made in the case of relevant family status changes. For instance, if the employee gets married in the middle of the plan year and adds his wife to his medical plan, he may want to consider increasing his contributions to his medical FSA. Or, if an employee has a new child, the employee might consider initiating or increasing contributions to the dependent daycare FSA. The qualifying events whereby changes in plan year contributions for an employee and his or her dependents can occur are: marriage, birth, death and divorce. For specifics on qualifying events, consult your plan booklet.
