Benefits
Dependent
Care Account Plan
As
of January 2010, ConnectYourCare will be the new Dependent Care
Account Plan (DCAP) administrator.
Detailed information regarding the Dependent Care Account Plan
may be found by clicking on ConnectYourCare
Enrollment Guide.
Open
Enrollment for the 2010 Dependent Care Account Plan is from November
1 through 30, 2009. Changes to your Dependent Care Account Plan
may be made through Banner Self-Service during the open enrollment
period. Per Internal Revenue Service (IRS) mandates, employees
wishing to participate in a Dependent Care Account Plan must re-enroll
in Dependent Care Account Plans annually.
The
Dependent Care Account Plan may be used for eligible out-of-pocket
expenses for the care of your child(ren) younger than age 13,
or an incapacitated spouse or dependent parent. Contributions
to the Dependent Care Account are taken from your pay before taxes
are assessed. Examples of allowable expenses may be found in the
ConnectYourCare Allowable
Expenses Brochure. Since these contributions are not subject
to Federal Income Tax, Social Security Tax (FICA) or State Income
tax, you may, in most cases, receive more value for your money.
You
may elect a minimum of $130 up to a legal limit of $5,000 per
year (married persons filing separate returns would be limited
to $2,500). An enrollment choice must be made within 31 days
of your date of employment, during the annual open enrollment
period, or within 31 days of a dependent birth/adoption.
For more details
about the plan,
please read the Dependent
Care Summary Plan Description.
If
you also choose to be enrolled in the medical flexible spending
plan (Flexible Spending Account), you will receive a healthcare
payment card from ConnectYourCare. However, this card may not
be used for Dependent Care expenses. Dependent Care expenses may
not be reimbursed until after the service has been provided. Also,
reimbursement may not be made until after the election has been
deposited via payroll deduction.
Participation
in a Dependent Care Account Account Plan will reduce your taxable
income. Since this is a pre-tax benefit, your income is reduced
prior to social security (FICA), Federal, State, and City taxes
being assessed.
New employees
must submit a 2010
Enrollment Form within 31 days from your date of full time employment.
The deadline
to submit 2009 reimbursement claims is March 31, 2010. All
2009 claims are to be mailed directly to RightCHOICE Benefit
Administrators - 12550 Weber Hill Road, Suite 230, St. Louis,
MO 63127 or faxed to (314) 821-2532 with the RightCHOICE
Dependent Care Reimbursement Claim Form. The phone number
(800) 365-9036, press 6.
Eligible
child and other dependent care expenses include charges made by:
- Nursery
schools, preschool, day care centers, before and after school
care and summer camps. The school or center must comply with
state and local laws, serve seven or more children and receive
a fee for its services. Summer camps are limited to day programs.
Expenses for overnight camps or other expenses for educational
purposes only cannot be reimbursed.
- Individuals
(other than children under the age of 19 or dependents) who
provide care in or outside your home. However, you may not use
this plan if you are reimbursing someone who actually resides
in your home.
- Dependent
care centers that provide day care - not residential care -
for dependent adults.
- Providers
of household services related to the care of a dependent.
