WEBVTT

00:00:00.066 --> 00:00:01.836 A:middle
Caring for your loved ones.

00:00:01.836 --> 00:00:04.576 A:middle
Spending money wisely.

00:00:04.576 --> 00:00:05.676 A:middle
That's the heartbeat

00:00:05.676 --> 00:00:09.176 A:middle
of the dependent care
flexible spending account.

00:00:09.176 --> 00:00:10.386 A:middle
Offered through your employer,

00:00:10.386 --> 00:00:14.646 A:middle
a dependent care FSA can help
you put aside dollars, tax-free,

00:00:14.646 --> 00:00:18.536 A:middle
for the care of children under
13, or for dependent adults

00:00:18.536 --> 00:00:19.976 A:middle
who can't care for themselves.

00:00:20.196 --> 00:00:24.406 A:middle
Each household can contribute
up to the IRS-allowed maximum.

00:00:24.406 --> 00:00:28.226 A:middle
Your account is funded by
payroll deductions before taxes.

00:00:28.386 --> 00:00:32.216 A:middle
That money may help pay for a
variety of services, including:

00:00:32.216 --> 00:00:35.546 A:middle
Day Care, Nursery
School, Preschool,

00:00:35.776 --> 00:00:38.656 A:middle
After-School, or
Senior Day Care.

00:00:38.656 --> 00:00:41.616 A:middle
The dependent care
FSA is a bit different

00:00:41.616 --> 00:00:43.526 A:middle
than a health care FSA.

00:00:43.526 --> 00:00:46.226 A:middle
With a health care FSA,
the money you contribute

00:00:46.226 --> 00:00:48.436 A:middle
to your account shows
up in one lump sum

00:00:48.436 --> 00:00:50.056 A:middle
on Day 1 of the plan year.

00:00:50.256 --> 00:00:54.076 A:middle
A dependent care FSA is
typically funded every pay

00:00:54.076 --> 00:00:56.946 A:middle
period, so you can only
use what you've saved up.

00:00:57.446 --> 00:01:01.576 A:middle
Plan carefully, because
the dependent care FSA is a

00:01:01.576 --> 00:01:03.956 A:middle
"use it or lose it" account.

00:01:03.956 --> 00:01:06.646 A:middle
Some plans have a grace
period, but generally

00:01:06.646 --> 00:01:09.426 A:middle
if you don't use your FSA
dollars in a given year,

00:01:09.426 --> 00:01:11.146 A:middle
you'll lose the remaining cash.

00:01:11.146 --> 00:01:15.306 A:middle
And all year long, we'll help
you keep track of your money.

00:01:15.306 --> 00:01:18.286 A:middle
You can get a quick view of your
account, check your balances

00:01:18.286 --> 00:01:19.806 A:middle
and even file a claim.

00:01:20.156 --> 00:01:22.606 A:middle
We'll also help you keep
track of any other account

00:01:22.606 --> 00:01:25.776 A:middle
that you can easily pair
with the dependent care FSA,

00:01:25.776 --> 00:01:29.316 A:middle
be it a health savings account
or a limited purpose FSA.

00:01:30.036 --> 00:01:31.816 A:middle
They all work together for you.

00:01:32.026 --> 00:01:35.506 A:middle
Check your benefit information
to see if you're eligible.

00:01:35.916 --> 00:01:39.086 A:middle
The dependent care
flexible spending account.

00:01:39.086 --> 00:01:42.996 A:middle
Spending money wisely,
income tax-free,

00:01:43.266 --> 00:01:44.826 A:middle
for those who matter most.