COVID-19 has resulted in a number of lifestyle changes, including closed daycare facilities, unnecessary before and after-school care, or even a new need for daycare.
If you have experienced either a reduction in dependent care costs or a new need for dependent care, you can request a change to your Dependent Care Flexible Spending Account (DCFSA) or enroll in a DCSFA for the remainder of the 2020 calendar year.
To make a change to your DCFSA or enroll in a DCFSA, please login to your SPS Workday account and select the Benefit Event Type, “Employee: Change in Dependent Daycare”. Here is a link to some helpful instructions for completing this event in your SPS Workday account.
Please note: EBD has temporarily removed the supporting documentation requirement for this benefit change.
Please consider the overall impact to your annual 2020 daycare costs, as the DCFSA runs through December 31, 2020 and is subject to the IRS maximum of $5,000.00 per household per year.
For more information about Dependent Care FSAs, please see the 2020 Benefits Guide, pp. 29-32.
Please email hrbenefits@umbc.edu with any questions.
