Can I change my contribution amount to my flexible spending account mid-year?

Yes, you can change your contribution amount to your flexible spending account mid-year. However, there are certain circumstances that allow for changes. These include changes in family status, job changes, changes in employment status, and certain qualifying life events. In most cases, you cannot make changes during the plan year unless you experience one of the allowable events mentioned above. It's important to note that any changes made to your contribution amount will take effect from the date of the event or when your employers' plan administrator receives your request and determines it to be valid. Make sure to check with your employer or the plan administrator for specific details and guidelines regarding changing your contribution amount to your flexible spending account mid-year.