Dependent Care Account definition

Dependent Care Account means the Dependent Care Account established pursuant to Chapter

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Dependent Care Account means the bookkeeping account established for each Participant to reflect the transactions of the FSA Plan in providing Dependent Care Account benefits to Participants in accordance with this FSA Plan summary plan description, and in accordance with the NAD Section 125 Cafeteria Plan.

Dependent Care Account. Eligible Expenses from Day Care Centers for dependents under age 15, disabled child(ren), spouse, parent.

Examples of Dependent Care Account in a sentence

• The City shall provide a Flexible Spending Account and Dependent Care Account Program by July 1, 2025.

• Metro Government will offer to all Members the option of participation in the Pre-Tax Premium Plan and/or Dependent Care Account pursuant to the same terms, conditions, requirements and obligations for any and all other employees of Metro Government.

• Total teacher contributions to the Dependent Care Account and/or Health Care Spending Account will all be prorated on a per-pay basis.

• Participants in the Dependent Care Account must meet tax law requirements in order to participate in this plan.

• These benefit credits may be used to purchase any of the optional insured benefits (Vision and Dental Plans or teacher contributions for medical coverage) or contribute to the Dependent Care Account or Health Care Spending Account.

• Amounts contributed to the Dependent Care Account or Health Care Spending Account are optional with teachers choosing to contribute any amount within the plan limits.

• The Health Care Spending Account will operate similar to the Dependent Care Account.

• This applies not only to participation in the insured programs, but also to the level of participation in the Dependent Care Account and the Health Care Spending Account.

More Definitions of Dependent Care Account

Dependent Care Account means the individual account established under the Plan in the name of each Participant for the purpose of accounting for credits and benefits for Qualifying Dependent Care Expenses paid for or on behalf of the Participant.

Dependent Care Account. The Company will continue its flexible spending ---------------------- account program that allows pre-tax funding of dependent care and child care expenses.