Dependent Care
WageWorks Dependent Care FSA — Helping Working Families Lower the Cost of Dependent Care
With the cost of day care averaging between three and nine thousand dollars per child per year, Americans today spend more out of their pocket on child and dependent care than ever before. While flexible spending programs are designed to help, only a fraction of those who are eligible actually participate. And out of those, only a handful takes full advantage of the benefits and savings they can offer. At WageWorks, our user-friendly programs are engineered to increase participation. With education, convenient re-imbursement and superior service delivery, we overcome the most common objections to participation, doubling participation and account funding in many instances, and turn skepticism into savings.
Convenient payment and reimbursement
Employees can choose from the following convenient payment methods at any time and at no additional cost. All payment features are synchronized to provide real-time account visibility.
Pay My Provider
Automatic bill pay — no receipts or claims required
Employees tell us how much and when to pay their provider, we send the check
Pay Me Back
Reimbursement with rapid claims turnaround
If expenses are unpredictable, employees can pay first and then get reimbursed via check or direct deposit.
Education drives confident spending
WageWorks does more to educate, advocate and consult than any other benefits administrator. WageWorks’s Learning Center combined with our comprehensive collateral create confidence by helping participants understand the value of the programs.
Visibility and tools drive empowerment
WageWorks’s best-in-class participant Web site gives Dependent Care accountholders more management tools and visibility than any other benefits administrator. Unmatched visibility gives participants real-time access to account balances and activity, and the incentive to fund their accounts confidently.
