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3. Expenses can only be reimbursed through the flexible <br />spending account if they were incurred during the plan <br />year and while the employee was a participant in the <br />plan. An expense is incurred on the date the service <br />was rendered. <br />4. The source of funds for the FSA can be employee salary <br />reduction contributions and/or employer contributions. <br />5. Employees who wish to participate must designate the <br />amount of their salary reduction contributions to each <br />account for the coming plan year before the start of the <br />year. <br />6. Employees may revoke or change a previous election <br />during the year only if they incur a "Status Change" <br />defined as a significant curtailment of coverage or a <br />significant increase in the cost of coverage, marriage, <br />death, divorce, birti. or adoption of a child, and a <br />change in the spouse's employment status or health <br />coverage due to employment, or an increase or reduction <br />in the employee's hours. <br />7. Money left in an account after all expenses for the year <br />have been reimbursed must be forfeited—employees may <br />not toll money over into the next year, receive their <br />unused money back in cash, or use money from one account <br />to reimburse expenses in another account (e.g., use <br />health care money to reimburse day care expenses). <br />8. Plan sponsors must file a Form 5500 (annual tax return) <br />for each plan each year.