Overview
With the exception of Commuter elections managed directly in Benepass, you can’t update or change pre-tax elections within the Benepass platform.
To make changes to any other pre-tax elections, log in to the employee portal where you originally made your elections, or contact your HR or People team for help.
Once the updated election is received, Benepass will process all necessary changes to your account and balances.
Read on for more information about what to consider when making changes to your pre-tax benefit elections.
What to consider
Eligibility
Your ability to update pre-tax elections varies by benefit type.
Health Savings Account elections can be changed anytime during the year
FSAs (DCFSA, HCFSA, LPFSA) can generally only be changed following a qualifying life event
Commuter benefits are usually updated month to month. If your Commuter benefit is managed in Benepass, changes are limited to a monthly election window.
Qualifying life events
In order to make changes to your FSA elections mid-year, you typically must have undergone one or more of the following events:
Changes in marital status
Changes in number of tax dependents
Changes in employment affecting health insurance benefits
Changes in eligibility for you or dependents
Death of a spouse/dependent
Your eligibility to enroll in an HSA may also change mid-year due to a life event, such as moving to disqualifying healthcare coverage.
Annual contribution limits
In some cases, you may need to adjust your HSA election to account for lump sum or other non-payroll contributions and ensure you do not exceed the annual contribution limit. Refer to current year contribution limits and adjust accordingly. Excess contributions may be subject to tax penalties or fees.