Page 12 - 2018 VER Benefit Guide
P. 12
Dependent Care FSA What are Eligible Expenses for the Dependent
The dependent care FSA allows Care FSA?
you to allocate pretax dollars to Examples of Eligible Expenses
pay for eligible dependent care X Wages paid to a babysitter or companion in or outside your home, as
expenses such as nursery or long as the person providing care is not someone you also declare as a
child care. It cannot be used for dependent
dependent healthcare expenses. X Services of a day care center and/or nursery school if the center
With the dependent care FSA complies with all state and local laws
the amount of the requested
reimbursement may not exceed the X Cost for care at facilities away from home, such as family day care or
funds currently in your account. adult day care centers, as long as your adult dependent spends at least
8 hours a day at home
You may receive reimbursement X Services provided for day care before and after school (when listed
for expenses incurred so you, and separately), though fees for kindergarten education are not eligible
your spouse if you are married,
can work. Eligible expenses Examples of Ineligible Expenses
include the following. X Food, clothing, and education
X Transportation to and from the place where dependent care services
X Child care for dependents are provided
under age 13
X Care for a dependent of X Fees paid for a child care center which does not comply with all
any age who is physically or applicable laws
mentally incapable of self-care X Expenses from which a federal child care tax credit is taken or which
X Care for dependent adults are claimed under the healthcare FSA
living with you, but not for X Services provided by one of your dependents
nursing home X Expenses paid for school (kindergarten and above)
! FSA “Use It or Lose It”
It is important to know that both the healthcare and dependent care FSA accounts are a “use it or lose it” beneit; unused
funds are not rolled over and are forfeited to the plan. However, the FSAs offer a grace period where you may incur claims
through March 15 of the following year and claim against the previous year’s funds. All claims must be submitted for
reimbursement by March 31 of the following plan year.
12 2018 Benefits Enrollment
The dependent care FSA allows Care FSA?
you to allocate pretax dollars to Examples of Eligible Expenses
pay for eligible dependent care X Wages paid to a babysitter or companion in or outside your home, as
expenses such as nursery or long as the person providing care is not someone you also declare as a
child care. It cannot be used for dependent
dependent healthcare expenses. X Services of a day care center and/or nursery school if the center
With the dependent care FSA complies with all state and local laws
the amount of the requested
reimbursement may not exceed the X Cost for care at facilities away from home, such as family day care or
funds currently in your account. adult day care centers, as long as your adult dependent spends at least
8 hours a day at home
You may receive reimbursement X Services provided for day care before and after school (when listed
for expenses incurred so you, and separately), though fees for kindergarten education are not eligible
your spouse if you are married,
can work. Eligible expenses Examples of Ineligible Expenses
include the following. X Food, clothing, and education
X Transportation to and from the place where dependent care services
X Child care for dependents are provided
under age 13
X Care for a dependent of X Fees paid for a child care center which does not comply with all
any age who is physically or applicable laws
mentally incapable of self-care X Expenses from which a federal child care tax credit is taken or which
X Care for dependent adults are claimed under the healthcare FSA
living with you, but not for X Services provided by one of your dependents
nursing home X Expenses paid for school (kindergarten and above)
! FSA “Use It or Lose It”
It is important to know that both the healthcare and dependent care FSA accounts are a “use it or lose it” beneit; unused
funds are not rolled over and are forfeited to the plan. However, the FSAs offer a grace period where you may incur claims
through March 15 of the following year and claim against the previous year’s funds. All claims must be submitted for
reimbursement by March 31 of the following plan year.
12 2018 Benefits Enrollment
