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.
Dear Students and Families: The end of the spring semester is quickly approaching. In fact, it will conclude in a little over five weeks. It has been an experience unlike anything we’ve ever experienced, but together, everyone in our community…
A longstanding tradition honoring two exemplar seniors, the Division of Enrollment and the Student Experience announces today the selection of Ava Breitbeck and Morgan Storino as the Class of 2022 Senior Class Marshals. In this role, Breitbeck and Storino serve…
Amir Rahnamay-Azar, senior vice president for business, finance and administrative services (BFAS) and chief financial officer, today announced the members of the search committee for the next chief, campus safety and emergency management services (CSEMS). The new chief will oversee…
A new financial wellness workshop series for faculty and staff will be offered virtually through Carebridge, the University’s faculty and staff assistance program, in May. The series will provide a practical approach to enhancing your financial aptitude while focusing on…
Defined by each student’s unique background, interests and dreams, their Becoming Orange journey, or the first year at the University supported by the Office of First-Year and Transfer Programs, curates a strong foundation crafted to meet each student’s personalized goals….
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