Dependent Care Provider

You can increase your election prospectively if your substitute care will cost more.

You can decrease your election prospectively down to the value of contributions that have been deducted through payroll (year-to-date). No refunds for contributions already taken prior to the life event change date will be allowed.

Documentation required: Notice from the provider or facility of the closure in the form of a personalized or generic letter, email or notice posted on the provider’s website.

You can decrease your election prospectively to the greater of:

1. The value of contributions that have been deducted through payroll, up to the 13th birthday of the dependent, or
2. The amount of reimbursements that have been issued through the dependent care FSA year to date.

No refunds for contributions already taken prior to the life event change date will be allowed.

If any of these apply to your situation:

• Concern about a center’s administration, staff quality, or staff turnover;
• The center only cares for children age two or over, a new baby arrives and the participant wants care for the new baby and siblings at one center;
• A child is in a temporary center while wait-listed for a preferred center, and a position opens;
• A new, state-of-the-art facility opens and participant enrolls child at the new center;
• A change in the participant’s residence or work location makes a new center more convenient or results in a change in the cost of coverage of your daycare provider;
• A center requires that a child be moved due to the child’s unsafe behavior (e.g., biting or hitting) or a parent’s frequent late child pickups; or
• A child needs to be moved from a daycare center due to chronic illness

Then you can increase or decrease election amount consistent with a change in qualified dependent daycare expenses. (If the new child care center is more expensive, the election amount may be increased in a corresponding amount.)

Increase or decrease election amount consistent with a change in cost. IRS regulations provide that a cost increase by a child care provider who is a relative will not allow an election change.

Decrease or cancel election prospectively to the greater of:

1. The value of contributions that have been deducted through payroll, up to the date of the life event change, or
2. The amount of reimbursements that have been issued through your dependent care FSA year to date.

No refunds for contributions already taken prior to the life event change date will be allowed.

Decrease or cancel election prospectively to the greater of:

1. The value of contributions that have been deducted through payroll, up to the date of the life event change, or
2. The amount of reimbursements that have been issued through your dependent care FSA year to date.

No refunds for contributions already taken prior to the life event change date will be allowed.

Begin participation in the plan or increase election amount consistent with the change in cost.

If you or your spouse changes work schedules (including to or from part-time status), you may increase or decrease your FSA election amount consistent with the change in cost.