You choose your contribution amount during enrollment.
FSAs are subject to use-it-or-lose-it rules, which means you have until March 15 of the following calendar year to incur eligible expenses, then until April 30 to submit final claims. Dollars remaining in the account after April 30 will be forfeited.
You cannot change your contribution amount until the following year, unless you experience a qualifying life event. If you are newly enrolled, you’ll receive an FSA card from Optum Bank. If you have previously participated in the plan, be sure to keep your card until it expires.