Dependent Care Advantage Account changes for 2021
There has been an update to the 2021 Dependent Care Advantage Account (DCAA) to include two changes allowed by the Consolidated Appropriations Act, 2021, and the American Rescue Plan Act of 2021:
- The maximum contribution levels have 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.
- Employees can now change their DCAA election amounts without a qualifying event. The change event reason will appear to employees as: “No reason (Consolidated Appropriations Act)”. This change is status event reason is available to employees who want to enroll, change, re-start or terminate their 2021 DCAA. Changes will be applied to the next available payroll date for processing.
Employees can change their election amount by submitting a change in status online at https://goer.ny.gov/change-status or by calling a customer service representative at 800-358-7202.
Employees can email fsa@goer.ny.gov or call WageWorks/Health Equity at 1-800-358-7202 to learn more.
If you have any questions, please email hr@oswego.edu or call 315-312-2230. Please visit the HR webpage for the most updated information from the Human Resources and Payroll offices.
Date Posted: 8/30/21