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What are the effective dates for FSA plans?

April 26, 2017dates effective FSA plans

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What are the effective dates for FSA plans?

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At open enrollment, FSA plans are effective on January 1. All other elections (i.e., newly-eligible, qualified life events, etc.) will be effective on the first day of the pay period following a completed enrollment, as long as the enrollment is completed within 31 days of the event date.