Dependent Care
Make Child and Elder Care More Cost Effective with a WageWorks Dependent Care FSA
Working Families often need help with child and elder care. A Dependent Care Flexible Spending Account (FSA) lets you save on dependent care expenses using pre-tax dollars. You can spend your dependent care savings account funds on a wide range of care for eligible members of your family. Some of the expenses covered include senior day care, child day care, babysitting, before-and-after school programs, and sick child care. Click here to see other expenses typically covered*.
Example Dependent Care FSA Savings
| |
Without WageWorks |
With WageWorks |
Savings |
| Day care (per year) |
$3,600 |
$2,160 |
$1,440 |
| Summer day camp (per year) |
$1,400 |
$840 |
$560 |
| Total: |
$5,000 |
$3,000 |
$2,000 |
Calculate your Dependent Care savings here.
Easy-to-Use, Flexible Payment Options
WageWorks makes it as easy as possible to use your Dependent Care FSA. You can pay for eligible expenses in two ways:
- Pay My Provider — Tell us how much and when to pay your provider and we'll send a check directly from your dependent care savings account.
- Pay Me Back — If your expenses are unpredictable, pay for them yourself and then get reimbursed via check or direct deposit.
Helping You Make the Most of Your Dependent Care FSA
WageWorks offers an online Learning Center that answers your frequently asked questions about our programs and Webinars to help you make the best program choices. We also provide customer service via email and toll-free numbers 8 am to 8 pm ET, Monday to Friday. In addition, we offer real-time account information online and via an interactive telephone system, so you can track account activity anywhere, anytime.
Please note: Services available through WageWorks programs can vary between companies. Please access our Employee Portal Web site by clicking here or consult your Human Resources department for your specific program details.
