General

Child Care Flexible Spending Account

We have implemented some valuable changes to our CHILD CARE FLEXIBLE SPENDING ACCOUNT as per the COVID-19 Relief Bills (aka, the Consolidated Appropriations Act and American Rescue Plan Act). The plan is offering unrestricted mid-year elections and enrollment changes, so if you did not enroll previously, you now have the opportunity to do so.

Quick Facts:

  • This provision allows for the increase of the 2021 contribution limit (up to $10,500) for DCFSA plans
  • This provision is temporary and only applies only to the 2021 calendar year (1/1/21-12/31/21); it can be applied retroactively
  • The plan allows reimbursements for care provided for children up to age 14
  • Any amount of unused CHILD CARE FLEX funds in 2021 can be carried over into the next plan year; this no-risk provision makes it easy for you to set aside more money knowing you won’t lose it

If you are interested in enrolling in the CHILD CARE FLEXIBLE SPENDING ACCOUNT, or increasing your current payroll deduction, please contact Pam Rudy, prudy@huntington.edu or ext. 4003.

 

Posted By: Pamela Rudy