Dependent Care FSA
Dependent Care FSA
The Dependent Care Flexible Spending Account (FSA) lets you set aside money to pay for eligible dependent day care expenses – before taxes are taken out of your paycheck.
Regular associates who are scheduled to work 20 or more standard hours per week may enroll. You may enroll as a new hire, if you experience an allowed qualifying life event, or during Open Enrollment only each calendar year. You must re-enroll each year.
| How the Plan Works - See Publication 503 for IRS details about eligible expenses | |
|---|---|
| Pre-tax Dependent Care Flexible Spending Account | The Dependent Care FSA allows you to pay for eligible day care, summer day camp, after-school, or home care expenses for qualified dependents, including children under age 13 (or older, if disabled). |
| Unused Balances |
|
| Contributions & Limits |
|
| Note about Highly Compensated Employees | Dependent Day Care FSAs are subject to IRS regulations that limit the amount that highly compensated employees (HCEs) may contribute. You will be notified toward the beginning of each calendar year if you are an HCE affected by this IRS limitation. |
| How to Get Reimbursed for Your Expenses | Your Dependent Care FSA dollars are available for reimbursement as they are deposited into your account through payroll deductions. When you enroll in the Dependent Care FSA, you will not receive an FSA debit card. You must submit your claims for reimbursement to receive payment for you or your provider. You may be required to provide additional detail of your eligible expenses, so be sure to save your receipts. |
Additional Spending Accounts Resources
Benefits Resources and Links
Look up vendor contact information for specific benefit plans.
Health Savings Account
Click the link below for more information on the Health Savings Account (HSA).
Health Care & LPFSA
Click the link below for more information on the Health Care FSA.
HCFSA vs. HSA
Click the link below for more information on the differences between the HCFSA and HSA plans.
Comparing Tax-Advantaged Accounts
Click the link below for more information on Comparing Tax-Advantaged Accounts.