Changing an existing FSA benefit vs. creating a new one

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Changing an existing FSA benefit vs. creating a new one; Benefit Plans
Topic Started: Jan 7 2010, 06:02 AM (91 Views)
ebk33	Jan 7 2010, 06:02 AM Post #1
Newbie Posts: 8 Group: Members Member #14,914 Joined: July 16, 2009	Does anyone know what the implications are for doing this? I have an existing Flexible Spending Account set up but we are switching vendors. Rather than creating a new benefit, I'm considering just changing the name in the title description from Company A to Company B. There are no other changes.



3monkeys	Jan 11 2010, 12:46 PM Post #2
Super Member Posts: 168 Group: Members Member #240 Joined: January 13, 2006	I can't imagine there could be any negative impact from doing this change. A lot easier and less time-consuming than setting up a new plan and re-enrolling everybody. We try to avoid making the vendor's name part of the name in the benefit plan or the names of any deductions.


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