Original expectations about your health and dependent care expenses for 2020 may have significantly changed due to the coronavirus (COVID-19) global pandemic. As a result, you may want to change your Flexible Spending Account (FSA) elections for 2020. Effective immediately, eligible faculty and staff are allowed to change health and dependent care FSA elections for 2020 without having a qualifying family status change.
Allowable changes must be made on a prospective basis and include new elections as well as increases or decreases to existing FSA elections. If an election is made to reduce your health care FSA contribution, the reduced contribution must be no less than claims that have already been reimbursed or approved for reimbursement.
Additionally, beginning this year, the maximum amount of unused health care FSA contributions that can carry over to the next year has increased from $500 to $550, and will be adjusted annually for inflation.
If you wish to make a change to your 2020 FSA election, or have any questions, contact HR Shared Services at hrservice@syr.edu or 315.443.4042.
It started with trivia nights at the Inn Complete and a mutual fandom of Orange sports and grew into a life filled with Orange pride, campus milestones and a little one who thinks Otto the Orange runs the world. For…
As point guard for the Orange women’s basketball team, Raquel-Ann “Roxi” Nurse McNabb ’98, G’99 was known for helping her teammates ‘make buckets’—a lot of buckets. The 1997 Syracuse University Athlete of the Year, two-time team MVP and three-time BIG…
The University is enhancing its commitment to lifelong learning with digital badges, a tool that recognizes and authenticates the completion of microcredentials. The badges aim to support learners in their professional and personal development by showcasing achievements in short, focused…
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