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.

Fidelity Investments Appointments Available Via Telephone or Zoom

In this time of uncertainty with Coronavirus (COVID-19), Fidelity Investments is still available to meet with all UMass associates – over the phone – at a time that is most convenient for you.