Chaz Posted February 12, 2013 Posted February 12, 2013 Employee elects to participate in an FSA during open enrollment. After the beginning of the plan year, the employee is promoted to position where she becomes eligible to participate in a taxable MERP-type benefit, which reimburses the same expenses as does the FSA. Can the employee cancel the FSA election mid-year? I think the answer is no but I thought I'd see if anyone had any thoughts. Any help is appreciated.
GBurns Posted February 13, 2013 Posted February 13, 2013 I always suggest that questions like this, be run through www.changeofstatus.com While not authoritative, it has a good reputation and gives some logic for guidance. My thought is that she might be able to IF the promotion changed her from hourly to salary. If not, then No. George D. Burns Cost Reduction Strategies Burns and Associates, Inc www.costreductionstrategies.com(under construction) www.employeebenefitsstrategies.com(under construction)
Chaz Posted February 13, 2013 Author Posted February 13, 2013 I just tried that site, and, while it is helpful in general, it doesn't seem to address my particular circumstances.
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