The more ways we can help you maintain your and your family’s health and happiness—and save for your future—the better. The Dependent Care Flexible Spending Account (FSA) gives you—surprise!—flexibility in how you pay for child and elder care. Plus, it saves you money by letting you pay for eligible expenses with pre-tax dollars.
When you enroll in the Dependent Care FSA, you can use pre-tax dollars to pay for eligible day care or elder care expenses.
How It Works
- Contribute up to $5,000 a year to reimburse your qualified dependent care expenses. Note: If your spouse also contributes to a Dependent Care FSA through his or her employer, your contribution limit is $5,000 per family.
- Eligible expenses include child care and care for dependent elders.
- Unused money does not carry over at the end of each year and will be forfeited.
- Submit your claims to UHC/Optum Bank.
- Only money you’ve already contributed can be spent.
- You have until March 31, 2021 to submit 2020 claims to UHC/Optum Bank for reimbursement.