In most instances, no. IRS rules and the governing Plan Document rules do not allow this. However, certain special qualifying events such as marriage, birth of a child or adoption may allow for a change in your flex election.
If you are a higher education employee, please see your human resources department for more information.
If you are a state employee and wish to make an adjustment to your FSA, L-FSA or DC-FSA during the plan year due to a qualifying event, please complete this form and return it to Benefits Administration.
If you are a state employee and want to make a change to your pledged amount on your transportation FSA and/or parking FSA, you may do so at any time by completing this form, https://www.tn.gov/content/dam/tn/finance/fa-benefits/documents/2022_forms/1020_2022.pdf, and returning it to Benefits Administration.
Find more FSA-related FAQs here: https://www.optumbank.com/tennessee/customer-support/faqs/fsa-faqs.html.