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Dependent Care FSA
Flexible Spending Account
Presenter Name
Date
®
© 2014-2015 WageWorks, Inc. All rights reserved.
This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may
not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc.
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What is a Dependent Care FSA?
• Pre-tax account that pays for eligible
dependent care expenses while you work:



Preschool or before/after school programs
Summer day camp
Elder day care
• Smart, simple way to save money while
taking care of loved ones so you can work
®
© 2014-2015 WageWorks, Inc. All rights reserved.
This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may
not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc.
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Why You Need It
• Save an average of 30% on the
dependent care you need
• Reduce your overall tax burden
since funds are withdrawn from
your paycheck before taxes are
deducted
• Take advantage of several
convenient, no-hassle payment
and reimbursement options
®
© 2014-2015 WageWorks, Inc. All rights reserved.
This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may
not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc.
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How It Works
①
Determine how much to contribute


Estimate how much you’ll need
Elect how much to contribute
②
Funds are taken from your paycheck before taxes
③
Start saving up to hundreds of dollars in one year

Savings result from lower overall taxes
®
© 2014-2015 WageWorks, Inc. All rights reserved.
This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may
not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc.
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How You Use It
• Pay My Provider

Directly pay your
provider instantly,
directly, and online
• Pay Me Back

Get reimbursed quickly
for payments you make
®
© 2014-2015 WageWorks, Inc. All rights reserved.
This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may
not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc.
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Who Qualifies?
Qualifying dependents
include:
• Dependent child* under the age of
13 who lives with you for more than
half of the year; or
• A spouse or other tax dependent
who resides in the house a
minimum of eight hours a day
and requires assistance with
day-to-day living.
*In the case of divorce, IRS guidelines state that a child is a qualified dependent of the "custodial parent."
®
© 2014-2015 WageWorks, Inc. All rights reserved.
This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may
not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc.
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How You Manage It
Use WageWorks EZ Receipts®
• File a claim and get reimbursed quickly
• View transactions and benefit account
balances using a single login
• Skip the receipt and have your provider
sign receipts using your mobile device
• Receive confirmation emails when claims
are received, processed, or paid
• Receive text messages when card
verification is required, a transaction is
denied, or a claim has been processed
Or online at WageWorks.com
®
© 2014-2015 WageWorks, Inc. All rights reserved.
This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may
not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc.
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How Much You Can Contribute
• Maximum of $5,000

IRS sets the contributions guidelines
• Changes to your election amount
can be made only if there is a:




Change in legal marital status
Change in number of dependents due
to birth, adoption, or death
Change in employment status
Change in cost or coverage charges
®
© 2014-2015 WageWorks, Inc. All rights reserved.
This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may
not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc.
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Eligible Expenses
Use your Dependent
Care FSA to pay for:
Ineligible expenses
include:
•
•
•
•
• Overnight camps
• Kindergarten or
higher-grade tuition
• Non-work-related
day care
• Long-term elder care
services
Before/after school care
Au pair services
Extended day programs
Preschool/nursery
school
• Summer day camp
• Elder day care
See www.wageworks.com/mydcfsa for more information on eligible expenses
®
© 2014-2015 WageWorks, Inc. All rights reserved.
This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may
not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc.
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Why Enroll?
• Tax savings
• Wide range of
covered expenses
• Easy access
• Flexible options
®
© 2014-2015 WageWorks, Inc. All rights reserved.
This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may
not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc.
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How You Get It
Enroll online or by phone:
• Follow [Employer Name’s] instructions
• Visit [Insert employer’s benefits url]
• Or call [Insert employer enrollment phone #]
®
© 2014-2015 WageWorks, Inc. All rights reserved.
This document contains proprietary and/or confidential work product that belongs to WageWorks, Inc. and may
not be used, reproduced, modified, displayed or distributed without the prior written consent of WageWorks, Inc.
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© 2014-2015 WageWorks, Inc. All rights reserved. © 2014
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