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Mid-Year Election Changes for Dependent Care Assistance Plans
HUB International
[Guidance Overview] Oct. 27, 2025 "While DCAPs provide significant tax benefits, they do so at a cost -- participant benefit elections are generally irrevocable for the next 12 months.... The exception to this rule is when the employee experiences a qualifying event (sometimes referred to as a qualifying life event, or 'QLE') as defined by the plan." MORE >> |
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