DCFSA

On March 11, 2021, The American Rescue Plan Act of 2021 (ARPA) was signed into law by President Biden. ARPA allows employers to increase the annual limit on contributions to dependent care FSAs up to $10,500 for the 2021 plan year only. While it is optional, we have decided to adopt this change. If you are interested in making a change to your DCFSA election, please keep the following in mind: The election must be made prospectively, so you cannot…