Dependent Care FSA
Why should I choose a dependent care FSA?
A dependent care FSA allows you to put aside a portion of your paycheck before taxes for eligible dependent care expenses each year.
Save money
The dependent care FSA lets you pay for eligible dependent care expenses while you reap the benefits of additional tax savings. You’ re spending the money either way. This way, eligible childcare and other dependent care costs are a little less.
Save strategically
Submit all of your dependent care expenses at the end of the plan year for one lump sum reimbursement to give yourself a hard-earned“ bonus.”
Fast Fact
For recurring costs, submit our Recurring Dependent Care Form.
It makes claim filing simple because you only need to submit one form once in order to get reimbursed each pay period.
What does it cover?
The list includes, but is not limited to, eligible:
• Childcare center, babysitter, nanny( birth through age 12)
• Summer day camp
• Before- or after-school care
• Disabled dependent and / or spouse care
• Elder care
Can I enroll?
You are eligible if you and / or your spouse( if applicable) are gainfully employed, looking for work, or are attending school on a full-time basis.
https:// apabenefits. lh1ondemand. com
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