Special Health Care FSA Mid-Year Enrollment Opportunity for 2021
Reminder: High Deductible Health Plan (HDHP) participants are not eligible to contribute to a HCFSA. HDHP plan participants may contribute to a Health Savings Account (HSA) and change their HSA elections at any time during the year.
For the 2021 plan year, new elections or election changes to a HCFSA can be made without evidence of a qualifying life event. Beginning on April 1, 2021, you may:
Enroll in a Health Care FSA for 2021
Your coverage effective date will be the date you submit your enrollment in the Benefits Resource Center. Please note you may only submit claims for reimbursement of expenses incurred on or after your coverage effective date. The minimum annual election is $120 and the maximum election is $2,750. Elections will be pro-rated and deducted from the remaining 2021 paychecks.
Increase or Decrease a Current Health Care FSA Election
Contribution changes are prospective; no retroactive changes are permitted. Elections cannot be reduced to an amount less than your year-to-date contributions or reimbursements. The effective date of the change will be the date you submit your election in the Benefits Resource Center. A change submitted to decrease a current HCFSA election will be in a pending status until reviewed and approved by PeopleLink.
To enter or make changes to a HCFSA, login to NYUHome, select the Work page, and choose Go on the Benefits Resource Center card, then navigate to the Report a Qualifying Change card, select Declare an Event, and choose Change to Health Care FSA Election.