Drake’s Dependent Care Flexible Spending Account (FSA) allows participants to set aside pre-tax dollars for child or adult daycare. Per IRS Regulations, participants may adjust their current FSA contribution if a change in status occurs. Such changes include an increase or decrease in the cost of care, or an increase or decrease in the need for care.

To reduce or discontinue your current Dependent Care FSA election, please complete/return the mid-year change form within 30 days of the change in status. Should your need for daycare change in the future, you may adjust your election again within 30 days of the change in status.

For questions, contact Advantage Administrators at 800-383-1623 or Marlene Heuertz at marlene.heuertz@drake.edu.

— Marlene Heuertz, Human Resources