Sometimes Forma will need to issue you a new pre-tax card. Below are some common reasons this might happen:
- You have an HSA and enroll in a new non-HSA pre-tax benefit, such as:
- Electing a Limited Purpose FSA (LPFSA) at the start of the new plan year or following a qualifying life event.
- Electing a Dependent Care FSA (DCFSA) at the start of the new plan year or following a qualifying life event.
- Enrolling in Commuter (Parking or Transit) benefits.
- You requested a new pre-tax card through your Forma account.
- Forma needs to reissue your pre-tax card due to banking regulations.