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Posted: Tuesday, August 24, 2021

2021 Dependent Care Advantage Account: Important Changes

The 2021 Dependent Care Advantage Account (DCAA) has been modified to include two important changes:

The maximum contribution levels have been increased from $2,500 to $5,250 for single or married filing separately and from $5,000 to $10,500 for married filing jointly or head of household.

Additionally, you are now able to change your DCAA election amount without a qualifying change in status event reason. The change event reason will appear as "No reason (Consolidated Appropriations Act)." Use this to enroll, change, restart, or terminate your 2021 DCAA. Changes will not be retroactive; they will be applied to the next available payroll date for processing.

Please email fsa@goer.ny.gov or call HealthEquify/WageWorks at (800) 358-7202 with any questions on the DCAA or these new changes.

Submitted by: Linda L. Kravitz
Also appeared:
Thursday, August 26, 2021
Monday, August 30, 2021
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