Dependent Care Assistance Program
What is DCAP?
The Dependent Care Assistance Program (DCAP) is an IRS-approved, tax free account that saves you money on eligible dependent care expenses. You authorize per-pay-period deposits to your DCAP account from your pre-tax salary. Then, as you incur eligible expenses, you can request tax-free withdrawals from your account to reimburse yourself.
Permanent employees are eligible to participate in the DCAP program. You have a 30-day open enrollment period from the day you begin work in an eligible position. After that time, you may enroll each year during open enrollment (late October - November) to start participating as of January 1st. You may also be eligible to enroll in the program mid-year if you have a life-changing event, such as the birth or adoption of a child.