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<Title>Dependent Care Flexible Spending Account changes</Title>
<Tagline>Due to COVID-19, dependent care FSA can be adjusted</Tagline>
<Body>
<![CDATA[
    <div class="html-content"><p><span>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.</span></p>
    
    <p><span>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 <a href="https://dbm.maryland.gov/benefits/Pages/FlexibleSpending.aspx" rel="nofollow external" class="bo">Dependent
    Care Flexible Spending Account</a> (DCFSA) or enroll in a DCSFA for the remainder
    of the 2020 calendar year. <span> </span></span></p>
    
    <p><span>To make a change to your
    DCFSA or enroll in a DCFSA, please login to your <a href="https://wd5.myworkday.com/wday/authgwy/stateofmaryland/login.htmld?returnTo=%2fstateofmaryland%2fd%2fhome.htmld" rel="nofollow external" class="bo">SPS
    Workday account</a> and select the Benefit Event Type, “<strong>Employee:
    Change in Dependent Daycare”</strong>. Here is a link to some <a href="https://dbm.maryland.gov/sps/Documents/Initiate%20Life%20Event%20-%20Change%20in%20Dependent%20Daycare%20FSA%20COVID-19%20QRG.pdf" rel="nofollow external" class="bo">helpful
    instructions</a> for completing this event in your SPS Workday account.</span></p>
    
    <p><span>Please note: EBD has
    temporarily <strong>removed</strong> the supporting
    documentation requirement for this benefit change.</span></p>
    
    <p><span>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.
    </span></p>
    
    <p><span>For more information
    about Dependent Care FSAs, please see the <a href="https://dbm.maryland.gov/benefits/Documents/2020%20Health%20Benefits%20Guide.pdf" rel="nofollow external" class="bo">2020
    Benefits Guide</a>, pp. 29-32. </span></p>
    
    <p><span><a href="https://hr.umbc.edu/benefits/sps-workday/" rel="nofollow external" class="bo">What is SPS Workday?</a> </span></p>
    
    <p><span>Please email
    <a href="mailto:hrbenefits@umbc.edu">hrbenefits@umbc.edu</a> with any questions. </span></p></div>
]]>
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<Summary>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...</Summary>
<Website>https://wd5.myworkday.com/wday/authgwy/stateofmaryland/login.htmld?returnTo=%2fstateofmaryland%2fd%2fhome.htmld</Website>
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<Tag>benefits</Tag>
<Tag>care</Tag>
<Tag>changes</Tag>
<Tag>covid19</Tag>
<Tag>dependent</Tag>
<Tag>fsa</Tag>
<Tag>health</Tag>
<Group token="hr">Department of Human Resources &amp;amp; Strategic Talent Management</Group>
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<Sponsor>Department of Human Resources</Sponsor>
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<PostedAt>Thu, 26 Mar 2020 10:52:45 -0400</PostedAt>
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