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dCAP |
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Such qualified benefits include accident or health plans, disability benefits, accidental death and dismemberment benefits, the first $50,000 of group term life insurance, a group dependent care assistance plan, and a group legal services plan. A centerpiece of this benefits package is its Dependent Care Assistance Plans, or DCAPs, which allow employees to reduce their tax liability by setting aside up to $5,000 pre-tax dollars of their salary to pay for child or elder care. |
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