How Your take care by WageWorks Dependent Care FSA Works
Simply decide how much to contribute to your take care® by WageWorks Dependent Care FSA each year, and funds are withdrawn from each paycheck for deposit into your account before taxes are deducted. As soon as your account is funded, you can use your balance to pay for many eligible dependent care expenses.
Be sure to estimate your annual dependent care expenses and make your contributions carefully. Any money left unspent in your Dependent Care FSA at plan year end is forfeited.
Using Your take care by WageWorks Dependent Care FSA
With a variety of payment and reimbursement options, your take care by WageWorks Dependent Care FSA is easy to use.
Pay You Back
If your dependent care expenses are less predictable, pay them yourself and then get reimbursed for eligible expenses. Arrange for funds to be deposited directly to your checking account or for a check to be mailed to you.
Managing Your take care by WageWorks Dependent Care FSA
Manage your account via a secure website on any computer or mobile device that’s connected to the Internet or via the take care by WageWorks MyFlex℠Mobile app.
The take care by WageWorks MyFlexMobile app makes managing your take care by WageWorks Dependent Care FSA quick, easy, and completely mobile. Download this handy app to your mobile device, log in to your account, and check your balances, submit claims, view transactions, snap photos of receipts, get account alerts by text or email—all on the go. You can even have your dependent care provider sign receipts using your mobile device!
Annual Contribution Limits
The IRS has established the following maximum annual contribution limits:
These limits may change in the future.
Carefully estimate how much you want to contribute to your take care by WageWorks Dependent Care FSA. IRS guidelines state that Dependent Care FSA funds cannot be carried over year to year. Unused funds cannot be returned to you as cash or as other benefits.
Check out the FAQs for more information about contribution amounts.