You choose a total annual contribution for 2025 and that amount will be divided and deducted on a pre-tax basis from each of your paychecks. Kent State University front-loads this amount to your FSA in early January, giving you immediate access to funds in case you need them.
Your health and/or dependent care FSA contributions for 2025 must remain in effect through Dec. 31, 2025. IRS regulations do not allow increases, decreases, or cancellations of contributions during a plan year unless you have a qualifying life event such as marriage, divorce, birth, death, etc. Any FSA contribution changes you make must be consistent with the type of life event. Proof of the life event (qualifying event) is required and must be submitted within 31 days of the effective date of the change.
Qualified health and dependent care expenses incurred from Jan. 1 to Dec. 31, 2025, will be eligible for reimbursement from your FSA accounts. However, you can still use any remaining 2025 funds from your health care and/or dependent care funds to pay for qualified expenses until March 15, 2026. This means you will have until March 15, 2026, to spend your 2024 FSA funds before they are FORFEITED.