Health Care FSAÂ
Expanded Health Care FSA Carryover Provision
- If you enrolled in the 2020 Health Care FSA, the plan will allow you to carry over any unused funds from the 2020 plan year into the 2021 plan year.
- The carryover provision will apply even if you did NOT enroll in the 2021 Health Care FSA
- If you enrolled in the 2021 Health Care FSA, any 2021 plan year balance will carry over into the 2022 plan year for us on expenses incurred during 2022.
Prospective Health Care FSA Election Changes
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- In 2021, we are allowed to accept prospective FSA election changes regardless of whether you’ve experienced an IRS-qualifying event.
- This means you may be able to change or revoke your Health Care FSA on a go-forward basis. We cannot accommodate a retroactive election change and you cannot receive a refund for amounts already contributed to the plan.
Dependent Care FSA
Maximum dependent age for Dependent Care FSA expenses
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- The IRS allows the plan to reimburse expenses for dependents who turned 13 during the 2020 plan year (including the extended grace period discussed in the next section).
Grace Period Provision- Dependent Care FSA
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- The grace period for the 2020 plan year will extend to 12/31/2021. This means you may use any of your remaining 2020 plan year funds for reimbursement of expenses incurred through 12/31/2021.
- The 2021 Dependent Care FSA grace period will end 12/31/2022 allowing you to use any remaining 2021 plan year funds for reimbursement of expenses incurred through 12/31/2022.
Prospective Dependent Care FSA Election Changes
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- In 2021, we are allowed to accept prospective FSA election changes regardless of whether you’ve experienced an IRS-qualifying event.
- This means you may be able to change or revoke your Dependent Care FSA on a go-forward basis. We cannot accommodate a retroactive election change and you cannot receive a refund for amounts already contributed to the plan.
Questions on your account?
If you have any questions regarding your existing balance or account, log in to your Discovery Benefits online account or download the benefits mobile app. You may also contact our Participant Services team by email at customerservice@discoverybenefits.com or by calling 866-451-3399 during business hours (Monday through Friday, 6 a.m. to 9 p.m. Central time).
