May 2020: New IRS FSA Guidelines due to COVID
Many Flexible Spending Account participants have expressed concerns that they may forfeit money due to the closure, cancellation, or delay of elective medical procedures, dental appointments, or summer camps. In response, the IRS recently issued revised guidelines for sponsors of FSA’s. The new guidelines allow GIC plan participants greater flexibility and opportunity to use the funds withheld during FY20 and to adjust contributions for FY21.
2020 GIC Benefits Open Enrollment: April 6, 2020 – June 1, 2020
Annual enrollment time is here, giving you the opportunity to review your benefit options and choose a new health plan or make other benefit changes if you wish. Take action during Annual Enrollment! Do your homework, even if you think you want to stay in the same health plan. Take this opportunity to think about what you and your family need in the way of health care and other benefits. Visit the HR Portal for more information.