Page 12 - Benefits Guide
P. 12
Eligible Expenses Dependent Care Flexible
Dependent Care FSA Spending Account (FSA)
Cost of child or adult day care*
What is a Dependent Care Flexible Spending
Nursery school
Account?
Preschool (excluding
kindergarten) A dependent care lexible spending account is an account which allows
you to set aside pre-tax dollars from your paycheck to cover qualiied
Before/after school care expenses you would normally pay out of your pocket with after-tax
Summer day camp (if both dollars.
parents work)
* Eligible dependent—tax dependent Dependent Care FSA
child under age 13 . Tax dependent
spouse, parent, or child unable to You are eligible to participate in the dependent care FSA—whether or
care for themselves .
not you elect any other beneits. The dependent care FSA allows you to
set aside pre-tax funds to help pay for expenses associated with caring
for children or elderly dependents. Reimbursement from your dependent
care FSA is limited to the amount which has been deducted from your
paycheck and deposited into your dependent care account at the time
the payment or reimbursement is requested. The dependent care FSA
is administered by WageWorks. Visit www.wageworks.com for more
information.
With the dependent care FSA, you are allowed to set aside up to
$5,000 to pay for child or elder care expenses on a pre-tax basis,
$2,500 if married and iling separate tax returns
Eligible dependents include children younger than the age of 13 and
tax dependents of any age who are incapable of caring for themselves
Expenses are reimbursable as long as the provider is not anyone
considered your dependent for income tax purposes
In order to be reimbursed, you must provide the tax identiication
number or Social Security Number of the party providing care
Accounts may be managed online or via a mobile app
You may arrange for convenient, direct payments to providers or
reimburse yourself for payments made to the provider
12 2017–18 Benefits Enrollment
Dependent Care FSA Spending Account (FSA)
Cost of child or adult day care*
What is a Dependent Care Flexible Spending
Nursery school
Account?
Preschool (excluding
kindergarten) A dependent care lexible spending account is an account which allows
you to set aside pre-tax dollars from your paycheck to cover qualiied
Before/after school care expenses you would normally pay out of your pocket with after-tax
Summer day camp (if both dollars.
parents work)
* Eligible dependent—tax dependent Dependent Care FSA
child under age 13 . Tax dependent
spouse, parent, or child unable to You are eligible to participate in the dependent care FSA—whether or
care for themselves .
not you elect any other beneits. The dependent care FSA allows you to
set aside pre-tax funds to help pay for expenses associated with caring
for children or elderly dependents. Reimbursement from your dependent
care FSA is limited to the amount which has been deducted from your
paycheck and deposited into your dependent care account at the time
the payment or reimbursement is requested. The dependent care FSA
is administered by WageWorks. Visit www.wageworks.com for more
information.
With the dependent care FSA, you are allowed to set aside up to
$5,000 to pay for child or elder care expenses on a pre-tax basis,
$2,500 if married and iling separate tax returns
Eligible dependents include children younger than the age of 13 and
tax dependents of any age who are incapable of caring for themselves
Expenses are reimbursable as long as the provider is not anyone
considered your dependent for income tax purposes
In order to be reimbursed, you must provide the tax identiication
number or Social Security Number of the party providing care
Accounts may be managed online or via a mobile app
You may arrange for convenient, direct payments to providers or
reimburse yourself for payments made to the provider
12 2017–18 Benefits Enrollment
