Yes. However, the reasons you can change your contribution for group insurance premiums and the health care FSA are limited. Permissible changes are primarily due to changes in eligibility. The following circumstances are examples of “life events” that may permit an election to be changed: marriage, divorce, death, birth, adoption, change of employment status that affects eligibility, or termination of employment. The change of election must be “on account of the event” and must also be consistent with the request.
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FSA Overview