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Once an election is made, can the participant change his/her Flexible Spending Account election during the year?

April 26, 2017account election flexible participant Spending year

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Once an election is made, can the participant change his/her Flexible Spending Account election during the year?

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An election, once made, is irrevocable for that Plan Year. New elections are made prior to beginning of each subsequent Plan Year. However, certain situations, known as changes in status, can arise during the plan year which allow the participant to change an election.