Reminder: You Can Use Your FSA Money Through Aug. 31, 2020; FSA Rollover Limit Will Increase July 1, 2021

In response to the 2019 Novel Coronavirus outbreak (COVID-19), IRS Notice 2020-29 provides for increased flexibility with respect to mid-year elections under a 125 cafeteria plan (Flexible Spending Account) during the calendar year 2020. 


The current plan year, 2019-2020, has been amended by Heartland AEA to allow employees to incur and be reimbursed for expenses from their Flex Medical Account (FSA) through Aug. 31, 2020. (The previous deadline was June 30, 2020.) Effective, July 1, 2020, the FSA rollover limit will also increase to $550. 

This amendment means that you can now use your FSA money for medical, dental, vision and/or prescription out-of-pocket costs through Aug. 31, 2020, and you have until Oct. 30, 2020, to submit your requests to 121 Benefits for reimbursement. 

If you have any questions, contact Juliette Houseman, Benefits Specialist.