Election Changes

About Election Changes

  • Health FSAs

      The IRS permits changes to an election for the below situations (called Qualifying Events). We are continually monitoring regulations to determine if any new Qualifying Events will be permitted due to the extraordinary circumstances being experienced across the country.

      Qualifying Events Due to Employment Changes:

      • You or your legally married spouse’s termination of employment
      • Your legally married spouse’s commencement of employment
      • You or your legally married spouse’s change from part-time to full-time, or full-time to part-time status
      • You or your legally married spouse’s unpaid Leave of Absence (LOA)

      Other Qualifying Events:

      • Marriage
      • Divorce
      • Birth or Adoption
      • You or your legally married spouse’s or your dependent’s death

      How To Make A Change To Your Health FSA Election If You Have Experienced A Qualifying Event:

      You will need to contact your employer so they can update your payroll records and they will then notify Benefit Strategies to make the change in our system. Keep in mind your employer may have deadlines for the changes to be made in time for the following payroll.

  • Dependent Care FSAs

      The IRS permits changes to an election for the below situations (called Qualifying Events). We are continually monitoring regulations to determine if any new Qualifying Events will be permitted due to the extraordinary circumstances being experienced across the country.

      Qualifying Events Due to Changes in Childcare Arrangements:

      • You no longer need childcare
      • You no longer need childcare as frequently
      • You have had a change in the amount you pay for childcare (increase or decrease)
      • You now need childcare - this is a Qualifying Event to add the Dependent Care FSA if you are not currently enrolled.

      Qualifying Events Due to Employment Changes:

      • You or your legally married spouse’s termination of employment
      • Your legally married spouse’s commencement of employment
      • You or your legally married spouse’s change from part-time to full-time, or full-time to part-time status
      • You or your legally married spouse’s unpaid Leave of Absence (LOA)

      Other Qualifying Events:

      • Marriage
      • Divorce
      • Birth or Adoption
      • You or your legally married spouse’s or your dependent’s death

      How To Make A Change To Your Dependent Care FSA Election If You Have Experienced A Qualifying Event:

      You will need to contact your employer so they can update your payroll records and they will then notify Benefit Strategies to make the change in our system. Keep in mind your employer may have deadlines for the changes to be made in time for the following payroll.

  • Parking and Transit Accounts

      IRS regulations allow participants to make changes to Parking and Transit elections at any time. This includes decreasing or increasing your election amount or suspending enrollment in the plan.

      How To Make A Change To Your Parking and/or Transit Account Election or Suspend Enrollment:

      You will need to contact your employer so they can update your payroll records and they will then notify Benefit Strategies to make the change in our system. Keep in mind your employer may have deadlines for the changes to be made in time for the following payroll.

  • Health Savings Accounts (HSAs)

      IRS regulations allow HSA account holders to make changes to the amount they are contributing to their HSA at anytime. This includes no longer making any contributions.

      New:The IRS has provided guidance that due to the 2019 tax filing deadline being moved to July 15, 2020, HSA contributions for 2019 can be made at any time up to July 15, 2020.

      How To Make A Change To Your HSA Contribution Amount:

      You will need to contact your employer so they can update your payroll records and they will then notify Benefit Strategies to make the change in our system. Keep in mind your employer may have deadlines for the changes to be made in time for the following payroll or other policies surrounding timing of HSA contribution changes.

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Manchester, NH 03101
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Mailing Address
Benefit Strategies
P.O. Box 1300
Manchester, NH 03105-1300

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Phone: 603-647-4666
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