Review the Qualified Life Events and Requirement Documentation document for a list of life events and required documentation needed to request a change. Workday will only take one additional missing FSA and/or DCA deduction, per benefit, from each future paycheck in addition to any current deduction until all missing deductions are paid.Ĭhanges to your FSA and DCA contributions can only be made during the annual Open Enrollment period each October or after a qualified life event like a loss of dependent eligibility or a birth or adoption. If your Healthcare FSA or Dependent Care Account (DCA) employee deductions aren’t taken from your paychecks because you don’t have enough earnings, the missing deductions will be taken from future paychecks when you again have enough earnings to withhold FSA deductions. If the person chooses to contribute $500 for the remainder of that year, all $500 would need to be spent before the end of the grace period on March 15 of the following year. For example, consider an employee who is hired in October and signs up for an FSA. Keep in mind that contributions are for the calendar year, regardless of when you are hired. Since the money is use-or-lose, make sure you put aside an amount that will be reasonable for you to spend within the allotted time. You may continue to spend unused funds until March 15.* The deadline to submit claims is April 30. FSAs and DCAs do have grace periods to spend the money beyond year’s end if you did not end your employment during the calendar year and are enrolled in the FSA or DCA program on December 31 of the plan year. Money contributed to UVA FSAs must be used during that year, as funds do not roll over. Any reimbursements you receive from Fidelity must be deposited directly into your personal checking or savings account. FSAs for new hires and those newly eligible for an FSA are effective on the first of the month following the submission of the enrollment request in Workday.

UVA FSAs, including Dependent Daycare Reimbursement Accounts, are managed by Fidelity. The Dependent Care Account FSA can be used to pay dependent care expensesįSAs make it possible for you to pay for certain expenses on a pre-tax basis.Īll Health Plan participants may have some form of an FSA, but Basic Health participants may only have a Limited FSA for eligible dental and vision expenses.The Health Care FSA can be used to pay medical, pharmacy, dental and vision expenses.To help UVA employees maximize their money for medical, pharmacy, dental, vision, and dependent-care expenses, the University has two options: Flexible Spending Accounts (FSAs) and Dependent Daycare Reimbursement Accounts. NOTE: For FSA 2022 claims including the grace period, contact Chard Snyder Member Services Time Off Toggle the child navigation of the 'Time Off' list itemĬareers at UVA Toggle the child navigation of the 'Careers at UVA' list item Life Changes Toggle the child navigation of the 'Life Changes' list item Wellness Toggle the child navigation of the 'Wellness' list itemĬareer Development Toggle the child navigation of the 'Career Development' list item Benefits Toggle the child navigation of the 'Benefits' list item

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