A Dependent Care Flexible Spending Account (DCFSA) provides significant savings to employees and employers alike. Employees set aside funds on a pretax basis to spend on qualifying dependent care expenses throughout the plan year. Employers save on payroll taxes for every dollar of employee participation, often enough to cover the plan’s cost.
Parents with children in full-time child care spend a great deal of money each year, on average it costs:
Use your DCFSA to pay for a variety of care services including preschool, summer day camp, before/after school programs and child or adult day care.
The only caveat is that the care must be provided as you (and your spouse if applicable) are working, looking for work or attending school full time.
Qualified Events & Enrollment
Participants can enroll during benefits open enrollment period each year.
In addition, IRS regulations allow participants to change their annual election or enroll in a DCFSA when there is a change in cost or coverage within 30 days of a qualifying event.
And with TASC - it's fast and easy to take care of dependent care expenses!
We've got three easy ways for participants to pay.
For Sales: Call TASC at 1-888-595-2261 to learn more or email iwantTASC@tasconline.com.
Current FSA clients & participants: Please sign in or call 1-800-422-4661 for assistance.
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