• Prospectively enroll employee or family member in employer sponsored health coverage without an event
• Prospectively change to another health plan option of the same employer without an event
But wait, there’s more! They may also:
• Prospectively enroll, increase, decrease, or revoke FSA elections for any reason. Employers may limit decrease/revoke to the reimbursement already provided
Again, these are voluntary; an employer doesn’t have to adopt any or them.
Oh, this is pretty nifty:
Temporary Relief from Use-Or-Lose Rule
Claim Grace Periods under Health FSAs and Dependent Care FSAs
Employers may amend their health FSAs and/or Dependent Care FSAs to provide (or extend) a claims grace period during 2020.
There are some provisos attached, but still, a nice option.
For complete details click here.