Can changes be made to the amount elected for dependent care benefits?
In general, changes to the amount elected can only be made during the open enrollment period each year or in the event of the authorized “Change in Family Situations”. Additionally, for Dependent Care; an election change is allowed if there is a significant change in the cost or services provided and this change is initiated by the provider. For example, if a day care provider increases rates significantly, an election change could be made. On the other hand, a change would not be allowed if the participant simply chose to change day care providers regardless of any price differences.
