FSA account and COVID question

ThisIsTheYear

DIS Veteran
Joined
Mar 7, 2010
Messages
507
This may be a bit premature, but I was wondering - since it’s looking like my child won’t be going to at least the first half of summer camp, do you think I will be able to get the money back that I’ve put aside in my FSA account since it all won’t be used?
 
Looks like your best hope is for your employer to extend tge deadline

https://www.connectyourcare.com/blog/faqs-in-the-moment-covid-19-cares-act/

Can employers extend the FSA claim filing deadline?
Probably. While there is no explicit timeframe prescribed for a run-out period, employers should review their plan document with counsel and determine whether the plan can be amended to extend the run-out date. Extending the run-out period is an attractive option as it gives participants additional time to obtain and submit sufficient documentation for expenses incurred during the plan year.
What is required to extend the claim filing deadline?
Plan documents should likely be amended if possible and that amendment should be communicated to employees. Once your plan is amended, your FSA administrator should be able to quickly and easily update your run-out dates in their system.
Can employees either increase or decrease their FSA election amounts due to COVID-19?
Under IRS rules and as defined in employer plan documents, employees generally cannot make changes to their FSA elections unless they have a qualifying life event. However, a qualifying event as it relates to COVID-19 may include:
  • Change in employment status that affects eligibility
  • FMLA leave
  • Change to the number of dependents
 


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