Dependent Care FSA definition

Dependent Care FSA means the Dependent Care Flexible Spending Arrangement, as set forth herein and as amended from time to time.

Dependent Care FSA means a dependent care flexible spending account

Dependent Care FSA means and refers to the Dependent Care Flexible Spending Account provided for under Article V of this Plan.

Examples of Dependent Care FSA in a sentence

• This event only applies to group health benefits and not to the Dependent Care FSA or other non-health benefits.

• This event does not apply to the Dependent Care FSA or other non-health benefits.E. Entitlement to Medicare or Medicaid Event: Allows you to make a change if you, your spouse, or your dependent enrolls in or loses Medicare or Medicaid coverage.

• If you submit a reimbursement claim for an amount larger than your current balance, it will be paid out over time as your payroll deductions are deposited in your Dependent Care FSA.

• The availability of a new dependent care provider is a coverage change that will allow you to make a corresponding change to your Dependent Care FSA election.

• The child is a qualifying child or qualifying relative of one of the parentsDependent Care FSAFor purposes of a Dependent Care FSA, only the custodial parent with whom the child resides for the greatest number of nights may use this benefit.

• This event does not apply to the Dependent Care FSA or other non- health benefits.D. Court Order Event: Allows you to make a change in accordance with a court order regarding health coverage of your child.

• If the child resides with both parents for the same number of nights, the parent with the highest adjusted gross income may use this benefit.DEPENDENT CARE FSA DETAILS‌Dependent Care FSA Annual Elections‌You decide how much pre-tax money to put into your Dependent Care FSA, up to an annual limit.

• The Dependent Care FSA is intended to qualify as a Code Section 129 dependent care assistance plan.

• Your current Dependent Care FSA balance is the maximum reimbursement you can receive.Expenses Eligible for Reimbursement‌For dependent care expenses to be eligible for reimbursement from the Dependent Care FSA, they must be incurred to enable you (and your spouse, if you are married) to work, look for work, or attend school full-time.

• Through the FSA program, you can reduce your taxable income without reducing your real income, so that you can keep more of the money you earn.Employees in the following employment classifications are eligible to participate in the Flexible Spending Account program:* Regular full-time employees* Regular part-time employees eligible for health insurance benefitsParticipation in the Health Care and/or Dependent Care FSA is optional and determined on an annual basis for the plan year.

More Definitions of Dependent Care FSA

Dependent Care FSA. The Dependent Care FSA has a minimum of $500 to a maximum of $5,000 per plan year for dependents (in 2020) and may be adjusted year by year by federal law. The dependent care contributions go into an account from which, during the course of the plan year, the member can be reimbursed for their covered dependent care expenses per the guidelines of the plan document. It is understood that the plan administrator monitoring the program might have a minimum participation requirement. Those employees electing to participate are responsible for the annual fee.

Dependent Care FSA means the dependent care assistance program that allows you to use pre‐tax dollars to pay for the care of a Qualifying Individual while you are at work. This Employer has established a Dependent Care FSA for its employees.

Dependent Care FSA means the dependent care assistance program established by the Employer under a separate document. The Dependent Care FSA is a Component Plan under the Plan. It allows Eligible Employees to use pre-tax dollars to pay for many child care-related expenses that are not reimbursed under other programs.

Dependent Care FSA. The Dependent Care FSA has a maximum of $5,000 (or $2,500 if married, filing separately) contribution per plan year (in 2023) for dependent care and may be adjusted year-by-year by federal law. The dependent care contributions go into an account through Health Equity from which, during the course of the plan year, the member can be reimbursed for their covered dependent care expenses per IRS guidelines. Health Equity administers the FSAs for East Windsor Board of Education employees. Please also see the informational fliers in this Appendix and the Health Equity website at xxxxx://xxxxxxxxxxxx.xxx/fsa for more details on this benefit.

Dependent Care FSA means a Dependent Care Flexible Spending Account established under the Plan, as more fully described in Article IX.

Dependent Care FSA means the bookkeeping account established on behalf of an FSA Participant in accordance with the provisions of the FSA for the reimbursement of Dependent Care Expenses under the FSA.