Using a Dependent Care FSA for Summer Camp
Can my Dependent Care FSA really be used to pay for summer camp?
Question of the Week - Dependent Care FSA and Health Care FSA
Q.- An employee said she put too much money into her dependent day care FSA and wants to be reimbursed from that account for some medical expenses she paid for her child. Is that
Q.- An employee said she put too much money into her dependent day care FSA and wants to be reimbursed from that account for some medical expenses she paid for her child. Is that allowed?
A.- No. Reimbursements from the Dependent Day Care Flexible Spending Account must be for childcare expenses in order for the employee to work. Medical expenses, even if they are for the dependent child, may not be reimbursed from the Dependent Day Care FSA. They would be eligible for reimbursement from a health FSA.
Benefit Allocation Systems (BAS) provides online solutions for: Employee Benefits Enrollment; COBRA; Flexible Spending Accounts (FSAs); Health Reimbursement Accounts (HRAs); Leave of Absence Premium Billing (LOA); Affordable Care Act Record Keeping, Compliance & IRS Reporting (ACA); Group Insurance Premium Billing; Property & Casualty Premium Billing; and Payroll Integration.
MyEnroll360 integrates with major insurance carriers for enrollment eligibility management (e.g., Blue Cross, Blue Shield, Aetna, United Health Care, Kaiser, CIGNA and others), and with leading payroll platforms for enrollment deduction management (e.g., Workday, ADP, Paylocity, PayCor, UKG, and others).
This article is for informational purposes only and is not intended as legal, tax, or benefits advice. Readers should not rely on this information for taking (or not taking) any action relating to employment, compliance, or benefits. Always consult with a qualified professional before making decisions based on this content.
Topics
Adjusting DFSA Election When Child Care Needs Change
Can an employee stop contributing to a Dependent Care FSA if a family member begins providing child care?
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Due to increased fuel prices, the IRS changed the medical mileage reimbursement rate for the second half of the year.