I just got married and want to increase the amount of money I set aside in my health care spending account. What is the procedure?
Contact your local HR department immediately since you have only 31 days from the date of your marriage to make this change. Getting married qualifies as a life-changing event and allows you to make some changes to your benefit elections by notifying your local HR department and filling out a new Benefits Enrollment Form. Enter your new health care spending account annual election amount (the total amount including the increase) on your Benefits Enrollment Form. When making this midyear election change, it is important that you plan carefully since the money you set aside and the ability to file claims is for health care expenses you incur between the time you make the election change and the end of the plan year (Dec.31).
Related Questions
- If I underestimate my dependent care flexible spending account contributions, can I use money from my health care flexible spending account to make up the difference?
- May I use the money I put aside in my Flex Spending Account to pay for costs related to smoking cessation aids and counseling that are not covered by insurance?
- I participate in the Health Care Expense Reimbursement flexible spending account. Does money in that account roll over from year to year?
