Dependent Care FSA 

Overview

Overview

What is it?

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A Dependent Care FSA Delivers Real Savings Power

A Dependent Care Flexible Spending Account (FSA) 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 work.

How It Can Help

  • Save an average of 30% on preschool, summer day camp, before/after school programs, child or elder daycare, and more
  • Reduce your overall tax burden—funds are withdrawn from your paycheck for deposit into your Dependent Care FSA before taxes are deducted
  • Take advantage of several convenient, no-hassle payment and reimbursement options

Enroll

Enroll

How do I sign up?

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You may enroll on My HR using the Benefits Enrollment link in the More column:

  • during the annual open enrollment period (provided you are actively at work)
  • when you first become eligible as a newly hired or transferring employee
  • within 31 days of a qualifying change in family or employment status, such as becoming newly-eligible for benefits, the birth of a child, etc.

You must re-enroll each year during the open enrollment period if you wish to contribute to the HCSA. If you do not submit an election, your contribution will default to $0 and you will not be able to make any contributions for the following year.