DCFSA Qualifying Life Event
With day cares closed in response to COVID-19 stay-at-home orders, you can make adjustments to your Dependent Care Flexible Spending Account (DCFSA) contributions within 31 days of the Qualifying Life Event by submitting a Change in Dependent Care Form to Employee Services. For more information, visit https://www.cu.edu/docs/qualifying-life-change-guide-change-child-or-dependent-care-needs
Recommendation for July 1: Do not sign up for DCFSA during Open Enrollment if you are unsure of needs come July 1. As soon as your daycare resumes, submit the above form within 31 days to start your DCFSA again.
HCFSA and HSA Qualifying Expense Changes
If you have a Health Care Flexible Spending Account (HCFSA) or Health Savings Account (HSA), Coronavirus Aid, Relief, and Economic Security Act (CARES) has expanded the qualified items you can pay for with these accounts. For more information, visit https://www.cu.edu/blog/work-life/new-items-added-fsa-hsa-qualified-expenses
Option 3 – Benefits Professionals
Option 2 – Payroll Professionals