As a reminder, NCFlex re-activated the life event "Day Care Change" back in December 2020. This life event is meant for employees to use to make changes to their DDCFSA for some of the following reasons (see the NCFlex HBR Admin Manual for more details):
- Childcare/adult daycare stops
- Childcare/adult daycare starts (such as summer camp or when a parent goes back to work after the birth of a child)
- Childcare/adult daycare costs change
This life event is intended to allow changes to the DDCFSA as life happens, for employees to avoid over or under contributing into the plan. An employee has 30 days from the date of an event to make changes to their account. The annual maximum still remains $5,000 per household.