Additional Benefits
Dependent Day Care Flexible Spending Account
With this benefit, use before-tax dollars to pay for eligible child day care expenses or expenses for caregivers
for an elderly parent or disabled family member.
-
With the Dependent Day Care FSA, you can reimburse yourself for eligible dependent day care expenses you incur so that
you and, if you are married, your spouse can work or attend school full time.
-
You may contribute up to $5,000 each year to your account
(limits apply to married participants). Your contributions may be reduced based on IRS Non-Discrimination Regulations.
Contributions are deducted from your pay before taxes are calculated.
-
Reimbursements from your account are tax-free.
Care must be for a dependent who lives with the employee/taxpayer for more than half the year and who is either
your:
OR
Eligible providers include:
Caregivers for an elderly parent or disabled family member (Caregivers cannot be dependents under age 19 or
those you claim on your taxes.)
You child's day care center
-
Babysitters (but not your dependents under age 19 or those you claim on your taxes).
For more complete explanations of eligible and ineligible dependent care expenses, see MyBenefits Online or contact Aetna, the plan administrator.
Tips for Using Your FSA
Use the Dependent Day Care FSA for caregivers for an elderly parent, disabled family member or child care.
It is not for your dependent’s health care expenses. (Use the Health Care FSA
for your and your dependent’s health care expenses.)
To get reimbursed, you will need to provide your dependent care provider’s name, address, and Social Security
number or tax identification number.
FSA elections do not automatically carry over from year to year. If you want an account, you must actively elect it
every year.
-
You have until March 15, 2010 to incur expenses that may be reimbursed from your 2009 contributions. Any unused 2009 contributions will be forfeited if not submitted for reimbursement by June 30, 2010.
Also consider …
Contributing to Your Dependent Day Care FSA
The Most You Can Contribute to All Dependent Day Care FSAs
Dependent Day Care FSA vs. Income Tax Credit
Getting Reimbursed