Flexible Spending Plans

FSA Program Changes for 2021

In response to the recent renewal of the CARES act by the federal government, the following changes will be put into effect for the flexible spending account (FSA) benefit for 1/1/21, including both the health care and dependent care account plans.

All remaining health care account funds will be eligible to carryover from 2020 into 2021. This was previously limited to $550.

The limit on dependent care accounts has been raised from $5,000 to $10,500.
All remaining dependent care account funds will be eligible to carryover from 2020 into 2021. Previously, the ability to carryover funds in dependent care accounts was not permitted by federal guidelines.

There will be no requirement of a qualifying event to join either the health care or dependent care account plans in 2021.

There will be no requirement of a qualifying event to make alterations to elections during the course of the year.

Important Note:
Election decreases cannot be below an employee’s contributed, or year to date reimbursed amount, whichever is higher.

Election increases cannot be used for an expense that occurred prior to the date the election change was made.

Additionally the original CARES Act permanently reinstated FSA coverage for thousands of over-the-counter drugs. Read the details here

Please note that these changes are currently for plan year 2021 only and all changes will revert back to prior policy rules on 1/1/22.



The Flexible Spending Account Plan allows you to have money deducted from your paycheck, on a pre-tax basis, which can then be used throughout the year to reimburse yourself for certain out-of-pocket health care and/or dependent care expenses. Because this money is taken from your salary before taxes are deducted, it allows you to pay these expenses tax-free. For 2020, you can have up to $2,750  deducted for your Health Care Account and/or $5,000 for your Dependent Care Account.

  • Health Care Account – This account provides reimbursement for most health care expenses not covered by your insurance. Examples include: copayments, deductibles, dental expenses, and vision care expenses.
  • Dependent Care Account – This account provides reimbursement for eligible dependent care expenses to pay for dependent care (child or elder) while you are working. Examples include: Daycare services, after school care, baby-sitting fees, adult day-services and preschool.


Employees elect the amount to be deducted from their bi-weekly paychecks. For 2019, the yearly maximum is $2,700 for Health and $5,000 for Dependent Care. 


Employees may sign up within the first 60 days of employment or during the annual Open Enrollment period in November. In some circumstances, employees may be allowed to enroll during the year if they have a qualifying event (birth, marriage, etc.). 
This plan requires employees to re-enroll on a yearly basis during the annual Open Enrollment period in November. 


PO Box 6044
Columbia, MO 65205-6044
(800) 659-3035



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