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Note: FSA enrollment is NOT automatic each year you must enroll in your FSA every year. See the Frequently Asked Questions. Review additional health FSA information and tips.
Lets make one thing clear: If you have an FSA available to you, and youre pretty sure youll use it for either health care or dependent care, its a good deal. Using tax-free income for those expenses is more cost-effective for the individual than using taxed income.
Since FSAs run along the calendar year, FSA open enrollment usually occurs about a month or so before the start of the new year.
A qualifying life event allows you to open an FSA or make changes to your FSA contributions for the year outside of open enrollment. Here are some of the QLEs that may motivate you to adjust your FSA contributions midyear: Marriage.
Participants must actively enroll each Open Season if they wish to have a flexible spending account in the next year. To enroll, visit the FSAFEDS website or call 1-877-FSAFEDS (372-3337). TTY 1-800-952-0450.
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Eligible employees can enroll in FSAFEDS each year during the Federal Benefits Open Season (the November/December timeframe). Open Season enrollments are effective January 1 of the following year.
Most full-time employees are eligible to participate in an FSA if their employer offers health insurance. Employees who already have a health savings account (HSA) should not enroll in a health care FSA. They may still enroll in a dependent care FSA.
FSA eligibility Generally, employees dont need to be enrolled in a health insurance plan to open an FSA. If you have a health savings account (HSA), you likely wont be eligible for a general healthcare FSA, because theyre used to pay for the same types of medical expenses.

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