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, a disabled child age 13 or older, and day camp - on a pretax basis.
You may elect a tax year DCAP contribution of up to $2,500 if married and filing separately or $5,000 per household. 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
Effective July 1, 2017, in keeping with state statue, to participate in DCAP, you must be an active state employee and eligible for GIC benefits.
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 5 - May 3, 2017 for coverage effective July 1, 2017
Open Enrollment for Flexible Spending Account benefits will take place April 5 - May 3, 2017 for fiscal year benefits effective July 1, 2017. Participants must re-enroll each open enrollment period online. For online re-enrollment instructions, refer to the FSA forms page.
New state employees and employees who have a qualifying status change during the year 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. ASIFlex has an online tool and mobile app to help expedite your claims submission. As required by the IRS
2½ 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 2½ month grace period to use your benefits. For the 2018 fiscal year, you have until September 15, 2018 to incur claims and until October 15, 2018 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 .