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As part of the recently passed Consolidated Appropriations Act, you now have more flexibility in how you use your Dependent Day Care Flexible Spending Account (FSA), including:

  • Unused funds from 2020 will automatically carry over to 2021 and be available after March 31, 2021. Unused funds from 2021 will also automatically carry over for use in 2022. Unused funds after 2022 will be forfeited.
  • The carryover amount does not contribute to the IRS annual contribution limit ($5,000 for married couples filing jointly and $2,500 for couples filing separately).
  • You may adjust your 2021 Dependent Day Care FSA election until March 31, 2021 by contacting the AXA XL Benefits team at RMBenefitsAdministration@axaxl.com. This special election window is open to all AXA XL colleagues regardless of whether you have experienced a qualified life event. You cannot decrease your goal amount so that it is less than what you have contributed to date.

Note: These provisions do not apply to the Health Care and Limited Purpose FSAs.

If you have any questions, please contact RMBenefitsAdministration@axaxl.com.