Welcome Guest! To enable all features please Login or Register.

Notification

Icon
Error

Federal Employees Benefits Q &A

Do you have questions about your federal employee CSRS or FERS pension/annuity or federal employee retirement planning? Concerns about your Thrift Savings Plan (TSP) account or what about federal employee pay and leave issues?

Ask your question here.

You must Register before posting to this forum.
The Q&A forum is moderated by Ed Zurndorfer -- an expert on federal employee benefits -- and a Certified Financial Planner, chartered life underwriter and chartered financial consultant in Maryland.

Zurndorfer is also the author of several federal employee benefits guides published by Federal Employees News Digest.

Your question will be put into a message queue and submitted for review. We cannot guarantee that all questions will be answered, however any answered questions will appear below, and some will also be featured in our daily Federal Daily e-newsletter (Subscribe here). Federal Soup users should not submit replies to the questions posted, as we leave the replies for the moderator only. Any replies to questions other than the moderator will be deleted.

Please do not submit employee benefits questions to the webmaster or the forum moderator.

Note: FederalSoup.com has attempted to compile information that is as accurate and current as possible for federal employees. Federal policies, laws, regulations, statistics and addresses continually change. Therefore, no warranties are made as to the accuracy or completeness of the information presented in this column. If additional clarification or information is needed, it is suggested that competent and professional assistance be sought. Mr. Zurndorfer does not moderate other forums on FederalSoup and will not reply to general FederalSoup inquiries submitted in this Q&A forum.

Options
Go to last post Go to first unread
ex-military  
#1 Posted : Thursday, April 29, 2021 8:23:31 AM(UTC)
ex-military

Rank: Senior Member

Groups: Registered
Joined: 1/19/2012(UTC)
Posts: 1,303

Thanks: 23 times
Was thanked: 114 time(s) in 94 post(s)
Originally Posted by: Esposa1 Go to Quoted Post
Hi all, I didn't sign up for much dependent care FSA coverage for 2021 because I didn't expect to be sending my kids to daycare this year. But now that my husband and I are vaccinated, we feel safer doing so this summer. Does anyone know if they will be offering the ability to change FSA allotments mid-year like they did last year, because of COVID? I'd really like to increase what I'm contributing, so I can cover the kids' daycare costs. Thanks!


I got this email today:


Dear FSAFEDS Participant,

We are excited to announce the U.S. Office of Personnel Management (OPM) has reviewed and made decisions on the implementation of flexibilities related to the Federal Flexible Spending Account Program (FSAFEDS) under the Consolidated Appropriations Act (CAA), 2021, Internal Revenue Service (IRS) Notice 2021-15 and the American Rescue Plan Act (ARPA or Act) of 2021.

OPM approved the following flexibilities, which are already in place:

• Full carryover for a health care flexible spending account (HCFSA) and Limited Expense FSA (LEX FSA) if you re-enroll in a 2021 HCFSA or LEXFSA
• Extension of the grace period for a dependent care flexible spending account (DCFSA) for plan years 2020 and 2021
• Permitting reimbursement of dependent care expenses for dependents through age 14 for 2020 and 2021 under a DCFSA
• Allowing DCFSA participants to increase their election up to $10,500 for 2021 ($10,500 for single or married filing jointly and $5,250 for married filing separately). This can be done now by experiencing and submitting a Qualifying Event, including an increase in dependent care expenses. Go to www.FSAFEDS.com, click “Enroll in a Plan” on the home page, select Qualifying Life Event and follow the instructions.
• Eligibility of face masks and hand sanitizing wipes (with a minimum of 60% alcohol)

OPM is also planning to offer a Special Enrollment Period (SEP) soon. The SEP will allow participants to increase or decrease their current elections for their DCFSA and/or their HCFSA. In addition, the SEP will allow those who did not enroll or re-enroll for 2021 during Open Season in the Fall, the opportunity to enroll in a DCFSA and/or HCFSA for 2021, and submit qualified medical expenses after the enrollment effective date. For those who were enrolled in 2020, but had not re-enrolled during Fall Open Season, this will also provide access to any 2020 carryover funds.

FSAFEDS will communicate details regarding the SEP soon. Stay tuned!



All that said, even if they didnt do anything, you could still "cover the kids daycare". You would just have to actually cut the check, versus having it come out of your check. Six in one, half dozen in the other.
roger.d  
#2 Posted : Thursday, April 29, 2021 3:24:18 PM(UTC)
roger.d

Rank: Senior Member

Groups: Registered
Joined: 8/25/2016(UTC)
Posts: 5,335
United States
Location: Midwest

Thanks: 143 times
Was thanked: 1020 time(s) in 824 post(s)
I received this email today:

Dear FSAFEDS Participant,

We are excited to announce the U.S. Office of Personnel Management (OPM) has reviewed and made decisions on the implementation of flexibilities related to the Federal Flexible Spending Account Program (FSAFEDS) under the Consolidated Appropriations Act (CAA), 2021, Internal Revenue Service (IRS) Notice 2021-15 and the American Rescue Plan Act (ARPA or Act) of 2021.

OPM approved the following flexibilities, which are already in place:


Full carryover for a health care flexible spending account (HCFSA) and Limited Expense FSA (LEX FSA) if you re-enroll in a 2021 HCFSA or LEXFSA
Extension of the grace period for a dependent care flexible spending account (DCFSA) for plan years 2020 and 2021
Permitting reimbursement of dependent care expenses for dependents through age 14 for 2020 and 2021 under a DCFSA
Allowing DCFSA participants to increase their election up to $10,500 for 2021 ($10,500 for single or married filing jointly and $5,250 for married filing separately). This can be done now by experiencing and submitting a Qualifying Event, including an increase in dependent care expenses. Go to www.FSAFEDS.com, click “Enroll in a Plan” on the home page, select Qualifying Life Event and follow the instructions.
Eligibility of face masks and hand sanitizing wipes (with a minimum of 60% alcohol)


OPM is also planning to offer a Special Enrollment Period (SEP) soon. The SEP will allow participants to increase or decrease their current elections for their DCFSA and/or their HCFSA. In addition, the SEP will allow those who did not enroll or re-enroll for 2021 during Open Season in the Fall, the opportunity to enroll in a DCFSA and/or HCFSA for 2021, and submit qualified medical expenses after the enrollment effective date. For those who were enrolled in 2020, but had not re-enrolled during Fall Open Season, this will also provide access to any 2020 carryover funds.

FSAFEDS will communicate details regarding the SEP soon. Stay tuned!
Socialist governments traditionally do make a financial mess. They always run out of other people’s money. --Margaret Thatcher
Rss Feed  Atom Feed
Users browsing this topic
Guest
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.


This page was generated in 0.063 seconds.