Dependent Care Flexible Spending Account
A Dependent Care Flexible Spending Account (DCFSA) is a pre-tax benefit account used to pay for dependent care services, such as preschool, summer day camp, before or after school programs, and child or elder daycare. A Dependent Care FSA is a smart, simple way to save money while taking care of your loved ones so that you can continue to work.
REMINDER: All claims and any required verifications of FSA benefit card transactions must be submitted by March 31 following the end of the plan year
Save Money While Taking Care of Your Loved Ones So You Can Work
Save an average of 30% on eligible dependent care expenses like preschool, summer day camp, before/after school programs, child or elder daycare, and more
Why enroll in a Dependent Care FSA?
- Reduce your overall tax burden—funds are withdrawn from your paycheck for deposit into your account before taxes are deducted
- Take advantage of several convenient, no-hassle payment and reimbursement options
“We contributed $5,000 to our Dependent Care FSA to help pay for hefty day care expenses for our young children so that we could work. It was easy to access funds to pay our provider. Best of all, we took home $1,500 more after taxes.”
- A happy Dependent Care FSA participant