HealthEquity
Dependent Care Flexible Spending Account (FSA)
A Dependent Care FSA allows you to save money on eligible dependent care expenses. The annual dollar amount you elect is collected pre-tax in equal portions throughout the year from your paychecks. Submitting receipts to get reimbursed is easy and convenient!
This is an expense reimbursement account for paying qualified dependent care costs, tax-free
Contributions to this account are pretax and deducted directly from your paycheck
How does it work?
Estimate your annual dependent care costs
Qualified Costs: licensed day care, nursery, or preschool, summer day camp, before and after school care, eldercare
Divide the cost into equal portions, to be deducted from your paycheck
Maximum Annual limit is $5,000 or $2500 if married and filing separately
Submit Claims for Reimbursement
Submit Claims online or by Fax, or pay bills right from the app!
