The Dependent Care Assistance Program (DCAP), administered by ASIFlex, allows state employees to pay for qualified dependent care expenses for a child under age 13 and/or an adult dependent - including day care before and after-school programs, elder day care, and day camp - on a pretax basis.
The program allows a participant to contribute up to $5,000 per family annually on a pre-tax basis as a payroll deduction. For taxpayers in a 28% income tax bracket, a $5,000 contribution to the DCAP would save an estimated $1,400 in federal and state taxes.
Eligibility and Monthly Fee
Active state employees, including contractors, who work at least half-time can participate.
The monthly administrative fee for DCAP alone, HCSA alone, or HCSA and DCAP combined is $2.50 on a pre-tax basis.
HCSA & DCAP Open enrollment
April 6 - May 4, 2016 for coverage effective July 1, 2016
Open Enrollment for Flexible Spending Account benefits will take place April 6 - May 4, 2016 for fiscal year benefits effective July 1, 2016. For the fiscal year, the maximum election amount for HCSA is $2,550 and the maximum DCAP elections is $5,000. Participants must re-enroll each open enrollment period using the online enrollment form.
New state employees may enroll for partial year benefits. For DCAP, coverage begins on the first day of employment.
How do I get reimbursed for my dependent care expenditures?
As you incur qualified expenses, file a claim for reimbursement using a DCAP Claim Form.
2 1/2 Month Grace Period
It’s important to consider your election carefully. Because of the tax benefits of FSAs, the IRS imposes a strict “use-it-or-lose-it” rule, which means money left in a pre-tax account at plan year end is forfeited. However, you’re given additional time with the 2 ½ month grace period to use your benefits. For the 2017 fiscal year, you have until September 15, 2017 to incur claims and until October 15, 2017 to submit claims.
Manage your DCAP account online:
Dependent Care Assistance Program (DCAP) Questions?
- Account Balances
- Claims Received
- Claims Processed
- Dates when Checks were Paid
- Download Forms
- Online Account Access
Contact ASIFlex: 1-800-659-3035
This information provided by the Group Insurance Commission .