WageWorks Dependent Care

Flexible
Spending Account

{Save Money on Child and
Elder Daycare Expenses}

WageWorks® Dependent Care
Flexible Spending Account (FSA)

Use tax-free funds to pay for preschool, summer day camp, before/after school programs,
and child or elder daycare.

How Does It Work?

How Does It Work?

It’s Easy to Use, Easy to Save

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Employee _daycareA WageWorks Dependent Care Flexible Savings Account (FSA) is a great way to save money while you’re working
to care for those you love most.

With a Dependent Care FSA, you can use tax-free funds to pay for dependent care services. Funds are moved to your FSA before taxes are deducted, which reduces your overall tax burden.

 

Using your WageWorks Dependent Care FSA is as easy as 1-2-3:

  1. Decide how much to contribute to your FSA based on how much you plan to spend on dependent care
    services for the year.

  2. Watch your FSA grow. Contributions to your FSA are made automatically each pay period before taxes
    are taken out.

  3. Pay for eligible dependent care services using several no-hassle payment and reimbursement options:

    • WageWorks EZ Receipts® mobile app. Use this mobile application to snap a photo of receipts and
      instantly submit them for payment and check your FSA balance – right from your mobile device.
    • Pay My Provider. Access your FSA online and fill out a simple form to pay your provider – no receipts
      or claim forms required. Be sure to save your receipts to submit documentation so your payment will be made. Go to Support FAQs for details.
    • Pay Me Back. Arrange for FSA funds to be deposited directly to your checking account or a check to be
      mailed to reimburse you for expenses you’ve already paid.

How Much
Can I Save?

How Much Can I Save?

You Can Save an Average of 30% While Paying For Dependent Care

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Here's an exmple of how much more pay you could take home each year by using a WageWorks Dependent Care FSA. 

 

Tax Benefit of a WageWorks Dependent Care FSA 

Employee DCFSA Savings Table