Overview

Save money on dependent care expenses by using a tax-advantaged FSA. The money you contribute to this account comes from your paycheck before it is taxed, and you withdraw it tax-free when you pay for eligible expenses.

Pairs with any (or no) medical plan.

  • $5,000 a year to help cover your qualified dependent care expenses, such as child daycare or elder care. For a complete list of eligible expenses, refer to IRS Publication 503.
  • Get reimbursed by submitting a claim.
  • Eligible expenses include child care for children up to age 13 and care for dependent elders.
  • In order to contribute, you must earn less than the IRS limit ($120,000 in 2019). Note: The limit is adjusted every year.

Please note that unused money in a Dependent Care FSA does not carry over at the end of each year — you use it or lose it.