A Dependent Care Flexible Spending Account (FSA) enables employees to use pre-tax dollars to pay for eligible dependent care services such as child care or elder care. The plan is fully integrated with payroll, so we automatically process all deductions for you and help your employees enroll.
New hire waiting period: First of month on or following 60 days after hire
Employee election limit: $2,500 (single or married filing separately) or $5000 (married filing jointly) per calendar year
Eligible spending period: November 1, 2019 – January 15, 2021
Claim submission deadline: January 29, 2021
Termination runout period: 90 days