Dcra eligible expenses. Share this page to Facebook.

Dcra eligible expenses 2025 DCRA brochure; ASIFlex DCRA Eligible Expense list; IRS Publication 503; Flexible Spending Accounts. Not eligible for DCRA has a “use it or lose it” rule meaning the IRS requires you to forfeit any unspent funds at the end of the plan year. For example, if you are taxed at 25% and you enroll for $5,000 you would save $1,250 in taxes. Various Eligible Expenses. • Beginning with the 2005 that HCRA/LPHCRA participants have until March 15 of the following Plan Year to incur expenses for the prior Plan Year. The DCRA can reimburse you for daycare expenses provided for your dependents so that . If you are enrolled in an FSA, HSA, or HRA, this list may not be applicable. UT FLEX DCRA: When an eligible family member needs care, but you still have to work, a dependent care account is a smart and convenient way to save, pay, and budget for dependent care-related expenses. If you are married, your spouse must also be employed unless he or she is disabled or a full-time student. Eligible Ineligible Potentially Eligible . This employee could incur an eligible expense in the amount of $2,000 in Amounts contributed to the HCRA may be used only for eligible health care expenses. gov 4 “IRS: Healthcare FSA reminder: Employees can contribute up to $3,300 in 2025; must elect every year,” IRS. Check your plan details for more information. DCRA eligible The expenses associated with the adoption of a child are not eligible for reimbursement with a flexible spending account (FSA), health savings account (HSA), health reimbursement arrangement (HRA), limited-purpose flexible spending account (LPFSA) or dependent care flexible spending account (DCFSA). Expenses are considered “incurred” when the services are provided, not when the bill is paid or received. To be considered qualified, dependents must meet the following criteria: Remember Remember to save all receipts, which are required for reimbursement and validation of expenses. The City offers the following accounts for tax savings on eligible expenses: Healthcare Flexible Spending Account (FSA) allows you to reimburse yourself for eligible health care expenses for you and your eligible dependents. DCRA_June_2018 Remember Save all receipts for reimbursement and validation of expenses. A dependent care reimbursement account can save you money by using pre-tax dollars, but it requires careful planning. Please note: You must enroll each year if you wish DCRA Guidelines and Information. Dependent Care Reimbursement Accounts allow for tax-free reimbursement of eligible daycare expenses or custodial care expenses for each employee’s tax dependents. If you are enrolled in a Limited Medical FSA or Combination Medical FSA, your eligible expenses may be different. ELIGIBLE EXPENSES Dependent care expenses will be eligible for reimbursement through your DCRA provided the care is required for you to be gainfully employed. Please note: You must enroll each year if you wish Eligible Ineligible Potentially Eligible . 66. To qualify for this relief, you must have been enrolled on or before January 31, 2020 and you must have unused amounts from the 2020 Expenses eligible to be reimbursed from the Dependent Care Reimbursement Account include certain expenses for dependent care if the care is required so that you (and your spouse) can work. Care must be for a dependent child under the age of 13 or a dependent of any age that lives in your household and is incapable of self-care. Employees pay for dependent care costs out-of-pocket then submit documentation for reimbursement. Dependent Care Reimbursement Account (DCRA)-Covers eligible dependent care expenses. FlexElect A FSA empowers you to pay for certain eligible expenses with pre-tax funds. Enrollment Information: Eligible employees may enroll in the plan within 60 days of hire or during open enrollment. You must re-enroll in the HCRA and/or the DCRA each plan year. • Beginning with the of the following Plan Year to incur expenses for the prior Plan Year. Food Expenses. com • DCRAs have a use-it-or-lose-it rule — you should carefully estimate your Qualifying Dependent Care Expenses for Dependent Care Flexible Spending Under this plan, you will be reimbursed only for dependent care expenses meeting the following conditions: The services provided are rendered after the date of your election and during the calendar year in which you are enrolled. e. DCRA plan enrollment is based on a calendar year, Only if such expenses are not attributable to medical services and the qualifying individual spends at least 8 hours per day in the participant’s household. Submit any outstanding claims incurred through 8/31/2024. Remember, eligible expenses include those for you, your spouse and your dependents. Employees will A DCRA plan allows you to set aside pre-tax dollars from your salary to pay for qualifying child and dependent care expenses. See Tuition expenses. A brief list of expenses can be found to the right. Below are expenses that would qualify for reimbursement from your DCRA: • Daycare facility fees (including transportation, lunches, educational services) • Before-school and after-school care You’ll need to make sure your expenses qualify for DCFSA spending • It is important to ensure that the funds being used from the DCFSA are for qualified expenses. It can help to offset the costs of caregiving expenses. Deadline for Filing Claims. If you do not use your card at the time of This voluntary benefit plan offers eligible employees the ability to pay for eligible out-of-pocket for dependent care expenses with pre-tax dollars if the care is required in order for the employee (and spouse, if married) to work. Since 1984, the limits on a DCRA have been $5,000 for employees who prepare their taxes as single, head of household, or married filing jointly, and $2,500 for those who prepare their taxes as married file separately. 00 per year if you are married and file a separate tax Last day to incur DCRA eligible expenses for the 2023-24 plan year. If you need a little help, take a look at the eligible expenses list. A dependent care FSA (DCRA) is offered for similar tax savings on qualified dependent daycare expenses. DCRAs can cover a wide range of dependent If your employees are entitled to a personal tax exemption for a dependent child under age 13, they may qualify for a DCRA. com to view a full list of common qualified expenses. With the DCRA, you put aside money from your pay on a pre-tax basis to cover anticipated dependent daycare or elder care expenses while you work or attend school. Please note: You must enroll each year if you wish Some expenses that are not eligible for reimburse-ment under the DCRA plan include: •expenses for sleepover camp; •nursing home expenses; •educational expenses; •separately billed charges for activities, transpor-tation, food, clothing, etc. All fees are eligible A dependent care FSA helps you budget for eligible child and adult care expenses. 1 “Publication 503 (2022), Child and Dependent Care Expenses,” IRS 2 “Publication 969 (2022), Health Savings Accounts and Other Tax-Favored Health Plans,” IRS 3 “Dependent Care FSA,” Fsafeds. You must pay child and dependent care expenses so you (or your spouse if filing jointly) can work or look for work. The IRS determines which expenses can be reimbursed by an FSA. Comparing DCRA Contributions with the Tax Credit. dependent Save on Eligible Expenses . See IRS Publication 503, Child and Dependent Care Expenses for more information. As if the cost of providing eligible child or adult care hasn’t increased in the past 37 years. FSAs allow you to set aside money from your earnings before taxes are withheld to put into an account used to pay certain out-of-pocket health care expenses with the Health Care Reimbursement Account (HCRA) or qualifying dependent daycare expenses with the The “Eligible Expenses”section of this brochure provides more information on reimbursable expenses. Additionally, if you have an older dependent who lives with you and requires assistance with day-to-day living and is listed as a dependent on your annual tax return, you can claim these eligible expenses through your Dependent Care Reimbursement Account (DCRA). DCRA plan enrollment is based on a calendar year, The FSAFEDS Dependent Care Flexible Spending Account (DCFSA) is an easy way to save money on the child and/or elder care services you already use. If you are eligible to participate in the FSAFEDS program, decide how much to contribute to your Dependent Care FSA account based on how much you plan to spend in the upcoming year on child or adult care expenses. Members of the Campus Police Association must be scheduled to work 40 hours per week to be eligible. Employees can use a DCA to pay for qualifying expenses such as daycare, summer day care, elder care, before and after school programs, and pre-school. FlexElect Eligible Ineligible Potentially Eligible . The HCRA will reimburse your eligible expense up to the total amount you elect to contribute to the HCRA. Amounts contributed to the DCRA may be used only for eligible dependent care expenses. Before you submit a claim, you can check if your expense is Let’s say you elect to contribute $3,000 for the year. Funds can be used for eligible childcare or adult dependent care expenses like day care, preschool, and summer day camp. Benefits-eligible active employees* may enroll in UT FLEX flexible spending accounts (FSAs). 3) The qualifying person must regularly spend at least eight hours each day in the participant’s home. Eligible expenses may include egg storage, egg donor costs, infertility monitors, in-vitro fertilization, and sperm washing. DCRA eligible Eligible expenses1 • Babysitter inside or outside household • Before and after school or extended day programs • Custodial childcare or Child and Dependent Care Expenses. Don’t think of it as Costs associated with overnight camps do not qualify for reimbursement from a Dependent Care FSA, even if you can break out the cost attributed to daytime hours. Please Note 1. (See Are These Work-Related Expenses, later. You must earn at least $1 to qualify — but if you make more than $43,000, you may still be able to claim up to 20% of expenses. All fees are eligible To use the DCRA, the person receiving care must be eligible to be claimed as a dependent on your federal tax return AND be either 1) a child under the age of 13, OR, 2) a spouse or other depend-ent who cannot care for themselves and who spends at least 8 hours per day in your home. The DCRA will reimburse your eligible expenses up to the amount that is in your account at the time your claim is received. 1. The calculator below can help you see just how much you could save by enrolling in the DCFSA. What is a dependent care FSA? A dependent care flexible spending account (FSA) can help you put aside dollars, income tax-free, for the care of children under 13 or for dependent adults who can’t care for themselves. Savings will depend on your tax bracket. Gain significant tax advantages. reimburse eligible expenses incurred by December 31st of that plan year. DCRA plan enrollment is based on a calendar year, eligible for reimbursement through your DCRA. DCRA plan enrollment is based on a calendar year, The “Eligible Expenses”section of this brochure provides more information on reimbursable expenses. QSEHRA: The Qualified Small Employer Health Reimbursement Arrangement is designed for employers with less than 50 full-time employees. County Directory Here's how the FSA compares to the tax credit for dependent care when determining which one could benefit you the most come tax time. FlexElect to be reimbursed for eligible dependent childcare expenses. If you are married, your spouse also must be employed or actively looking for work, unless the employee is physically and/or mentally unable to care for him or herself or is a full-time eligible for reimbursement through your DCRA. Please note: You must enroll each year if you wish The “Eligible Expenses”section of this brochure provides more information on reimbursable expenses. FICA and FUTA Taxes of Day Care Provider. 2) Expenses cannot be for medical care. 2) Expenses cannot be for medical The Dependent Care Reimbursement Account (DCRA), also referred to as Dependent Care Flexible Spending Account (DCFSA), administered by HealthEquity can be used to pay for child and/or adult daycare services for your eligible dependents. eligible for reimbursement through your DCRA. There are four main types of A DCFSA or DCRA can be used for eligible dependent care expenses, including daycare, preschool, elderly care, What is a Flexible Spending Account? FSAs are tax-advantaged accounts that let you use pre-tax dollars to pay for eligible medical expenses. Members of the Campus Police Association must be scheduled to work 40 hours per week to be 1 Optional provision: The Consolidated Appropriations Act (CAA) 2021, temporarily allows for an eligible employee to be reimbursed expenses for dependents through age 13 (i. So, if you earn 24 paychecks, you should expect to see $125 deducted from each The “Eligible Expenses”section of this brochure provides more information on reimbursable expenses. TCCA will contribute $2,500 to your DCRA (pro-rated for mid-year enrollees). • The contribution limits for 2024 remains $5,000 ($2,500 if married and filing separately). ASIFlex, the administrator of the HCRA & DCRA, will be mailing reminders to all impacted participants. Key points about the DCRA to reimburse eligible expenses incurred by December 31st of such plan year. A list of common eligible expenses is included below: Eligible FSA expenses Eligible DCRA expenses • Acupuncture • Alcoholism (rehab, transportation for medically advised attendance at AA) • Allergy medicine • Ambulance • Amounts not covered under another health plan • Annual physical examination • Artificial limbs/teeth Eligible Ineligible Potentially Eligible . The “Eligible Expenses”section of this brochure provides more information on reimbursable expenses. Frequently Asked Questions . Claims are submitted after the services have been provided. Tax Advantages. Expenses eligible to be reimbursed from the Dependent Care Reimbursement Account include certain expenses for dependent care if the care is required so that you (and your spouse) can work. Share this page to Facebook. for reimbursement through your DCRA. Examples of eligible expenses include the cost for a baby-sitter, a licensed daycare center, or nursery school. Alight Smart-Choice Accounts Dependent Care Reimbursement Account (DCRA) Eligible Expenses Expense Covered? More Detail Agency fee - Agency fees, application fees, and deposits if the taxpayer is required to pay the expense to obtain the related care. Expenses must be incurred within the plan year and while you are covered under the DCRA. You must make payments for child and dependent care to someone you (and your spouse) can't claim as a dependent. For faster payment, add Electronic Fund Transfer (EFT) by logging into MyHealthEquity. ELIGIBLE EXPENSES If you elect to contribute to the DCRA, you may be reimbursed for:. The annual maximum amount you may contribute to the DCRA per plan year is $5,000 or $2,500 if married but filing taxes separately. If you re-enrolled for 2023, eligible medical or dependent care expenses incurred after March 15, 2023 will be reimbursed with funds from the 2023 account. Eligible expenses are for a dependent child under the age 13, or adult day care provided for a spouse or other adult dependent who is mentally or physically disabled, and whom you claim as a dependent on your income tax return. , dependents who have not yet turned 14) for the 2020 plan year. Copy this page as a Link. Eligible DCRA Expenses Expenses which allow you (and your spouse, if married) to work, look for work or attend school as a full-time student are eligible. Dependent Care Tax Credit. INELIGIBLE EXPENSES Some expenses that are not eligible for reimbursement under the DCRA plan include: mean the expenses specified in Section 4 of this guide that qualify as eligible expenses for DCRA. Easy to use: Quickly and easily create your claim online to upload your receipt documentation for reimbursement. Surrogate costs associated with a qualified dependent of the taxpayer are reimbursable and may include such things as blood compatibility testing and psychological exams. If you make payments to your child (in- won't qualify. What types of expenses are not eligible? Ineligible expenses include overnight camp; expenses incurred while you are not working; expenses paid for tuition or education for kindergarten, first grade or higher; lessons, such as piano or swimming; expenses for food, transportation or activity fees; or expenses for services not yet provided, even Dependent Care Reimbursement Account (DCRA) for dependent care expenses. At the end of the Plan Year (June 30), you are allowed to carry over up to $570 ($640 for the 2024/2025 Plan Year) of unused funds to the following Plan Year to be used for eligible The plans allows for the reimbursement of out-of-pocket eligible expenses from money deducted from an employee's paycheck before federal, state and FICA taxes are deducted. How Do the Reimbursement Accounts Save Me Money? The Reimbursement Accounts save you money on payroll and income taxes. 8/31/2024 Last day to submit 2023-24 to Maestro, any claims after this date should be sent to Inspira after Transition period (see below). HRA Eligible Expenses. All fees are eligible Dependent care FSA-eligible expenses include: Adult day care facilities; Application fees for daycare; Au pair; Babysitting (work-related) Extended care (before or after regular school hours) Late pickup fees for daycare; Licensed nursery schools; Preschool tuition; Qualified childcare centers; Summer camps for dependent children under age 13 While a dependent care FSA typically does not allow carryovers, there is a grace period from Jan. Text. WHY FSA in their 2025 FSA at the end of the plan year to be used for qualified medical expenses incurred in the subsequent plan year. Earned Income (DCRA only) Medical Reimbursement Account (MRA)-Covers eligible health-related expenses for employees and their dependents. Pay your provider using your Flex Visa debit card for eligible medical, prescription drug, dental, and vision expenses at the time of service. You can claim only eligible medical expenses on your tax return if you, or your spouse or common-law partner:. The expenses were paid for an eligible dependent, which includes a qualifying child under 13, a disabled spouse, or another disabled individual whom you are able to claim as a dependent and for have to wait for payroll deductions before paying expenses with your healthcare FSA. Each Plan Year (July 1 – June 30), claims must be incurred on or before the end of the Plan Year (June 30). If you decide to enroll in the McLaren Health Advantage Flex Plan, your contribution will be withheld from each paycheck, pre-tax. 9/1/2024 Employees may authorize a monthly deduction to be placed into a DCRA to reimburse themselves for expenses for eligible child care, elder care, and care for a disabled and authorizes a monthly deduction of $100 (annual contribution of $1,200) into an MRA. To know for whom you can claim medical expenses, see How to claim eligible medical expenses on your tax return. Deposit Yes Will qualify if it is an expense that must be paid in Adult daycare The cost of adult daycare is eligible for reimbursement if the following conditions are met: 1) The expenses must be for a qualifying person. Please note: You must enroll each year if you wish Eligible Dependent Care Assistance Program Expense Table Eligible Expenses These are expenses that qualify for reimbursement by a DCAP if they are: For the care of qualifying individuals (children under the age of 13 or dependents incapable of self-care) and enable the participant and spouse to be gainfully employed. The maximum annual DCRA contribution allowed is $5,000 per household, or $2,500 if you’re married, but filing separate tax returns. Even when paid out as reimbursements, the funds remain tax-free. However, the expenses for a before- or after-school care program of a child in kindergarten or a higher grade may qualify, even though the expense of school tuition doesn't qualify. To qualify, the dependent care must be essential for the employee and a spouse (if A Dependent Care Reimbursement Account (DCRA) is a type of FSA that allows you to pay for eligible dependent care expenses with pre-tax dollars throughout the year, eliminating the A Dependent Care Reimbursement Account (DCRA) allows you to use pre-tax dollars to pay for eligible out-of-pocket day care expenses for a qualified tax dependent under age 13 or a The DCRA can reimburse you for daycare expenses provided for your dependents so that you (and your spouse, if you are married) can work. You can contribute up to a maximum of: $2,500. The DCRA is administered by ASIFlex, a third-party administrator. 1 to March 15 when you can use funds from the previous benefit period to cover eligible expenses. Also, DCRA expenses must be work-related. paid for the medical expenses in any 12-month period ending in 2023; did not claim them in 2022 For a comprehensive list of eligible expenses, please visit the ASI Flex Eligible Expenses web page. You can reduce your taxable income and increase your take-home pay by enrolling in a dependent care reimbursement account (DCRA). Color Block. You should carefully review the benefits of the federal income tax credit with the benefits of the UT FLEX DCRA. HealthEquity offers an easy-to-use Documentation Library that allows you to upload and store reimbursement Accounts (DCRA). INELIGIBLE EXPENSES Some expenses that are not eligible for reimbursement under the DCRA plan include: Dependent Care. What's great about both options is that both types of reimbursement, whether it's reimbursing for medical premiums or reimbursing for medical expenses, is tax-free. Additional Information: Am I eligible to claim the child and dependent care credit? 3. Enrollment Information: the funds to eligible expenses. First, let’s understand the two most common types of HRAs and how they function. Also, summer school expenses are considered primarily for education rather than for care and won't qualify. All fees are eligible Information about Publication 503, Child and Dependent Care Expenses, including recent updates and related forms. Any eligible full-time employee can participate in the DCRA. means the federal tax credit a taxpayer can claim on a federal tax return for child and dependent care expenses. Some expenses that are not eligible for reimburse-ment under the DCRA plan include The Health Care Reimbursement Account (HCRA) and Dependent Care Reimbursement Account (DCRA) are governed by Section 125 of the Internal Revenue Code that allow you to set aside before-tax dollars from each paycheck to help pay eligible health care and dependent care expenses for you and your family. A comprehensive list of allowable expenses and Expenses eligible to be reimbursed from the Dependent Care Reimbursement Account include certain expenses for dependent care if the care is required so that you (and your spouse) can work. Additionally, if you have an older dependent that lives with you and requires assistance with day-to day living, you can claim these eligible expenses through your DCRA. Costs that are primarily for educational purposes The “Eligible Expenses”section of this brochure provides more information on reimbursable expenses. Dependent Care Reimbursement Account (DCRA) • To participate in 2024, you must re-enroll during Open Enrollment, even if you are contributing in 2023. No, if charged separately from dependent care expense. You must re-enroll every year. Estimate the total you expect to spend The “Eligible Expenses”section of this brochure provides more information on reimbursable expenses. 2025 Enrollment FOrm. Use the Health Care Flexible Spending Account to cover those expenses. I am requesting reimbursement for work-related dependent care expenses incurred by an eligible . • The contribution limits for 2025 remains $5,000 ($2,500 if married and filing separately). For 2025, you can a medical care expense eligible for reimbursement from the HCRA when accompanied by an adequate receipt. Use your funds for eligible out-of-pocket expenses. You can use your FSA funds to pay for a variety of expenses for you, your spouse, and your dependents. J. For each eligible expense, consider the current plan year’s expenses. You can use an FSA to save on average 30 percent 1 on healthcare costs. Please see your plan’s Summary Plan Description (SPD) for more details. Employees can log on to healthpartners. ESTIMATE YOUR EXPENSES Plan for your upcoming expenses. A dependent care reimbursement account (DCRA), also known as a dependent care flexible spending account (DCFSA), allows employees to set aside pre-tax 1 payroll contributions to pay for dependent care expenses. If you paid a daycare center, babysitter, summer camp, or other care provider to care for a qualifying child under age 13 or a disabled dependent of any age, you may qualify for a tax credit of up to 35 percent of qualifying CSU Dependent Care Reimbusement Account (DCRA) Eligible Expenses: Dependent care expenses will be eligible for reimbursement through your DCRA provided the care is required in order for you to be gainfully employed. Expenses must be for “medical care” as defined under Section 213 of the Internal Revenue Code, such as plan deductibles, copayments, and other non-covered expenses for medical, prescription drug, dental, vision, hearing care and mental health services. a medical care expense eligible for reimbursement from the HCRA when accompanied by an adequate receipt. The DCRA is offered to domestic employees, as well as Eligible Expenses. To view what expenses are eligible under DCRA, visit ASI Flex- Eligible Expenses. DCRA plan enrollment is based on a calendar year, HCRA/DCRA - Open Enrollment Webinar Series; Dependent Care Reimbursement Account (DCRA) This voluntary benefit plan offers eligible employees the ability to pay for eligible out-of-pocket expenses for dependent care with pre-tax dollars if the care is required in order for the employee (and spouse, if married) to work. Eligibility. The FSA Carryover Provision does not apply to the Dependent Care Flexible Spending Account (DCRA). K. Usually, your employer will deduct that money in equal parts across all paychecks. Note that, depending on the circumstances, a day camp may be considered a dependent care center. Clothing . 3. while you are covered under the DCRA. For a list of eligible expenses, see the UT FLEX benefit plan booklet on the OEB website at a medical care expense eligible for reimbursement from This means that HCRA/LPHCRA participants have until March 15 of the following Plan Year to incur expenses for the prior Plan Year. What is a doula? A doula is a trained and experienced, but non-medical, professional who provides continuous physical, emotional and informational support to the mother in the entire process of childbirth. Child and Dependent Care Expenses” on your federal income tax return, the amount you deposit in your DCRA will offset dollar-for-dollar the amount of expenses you are eligible to claim as a tax credit on your federal income tax return. This account allows you to set aside a portion of pre-tax earnings to pay for qualified expenses and money deducted They are not eligible for reimbursement with dependent care flexible spending accounts and limited-purpose flexible spending accounts (LPFSA). The CSU Dependent Care Reimbursement Account (DCRA), a voluntary benefit for eligible employees, offers you the ability to pay for eligible out-of-pocket dependent care expenses with pretax dollars. ; and •any other expenses that are not eligible for deduction on your federal income tax return Medical expenses you can claim. Key tip Save detailed receipts of your expenses in case you need to submit documentation for a purchase. Limited-Purpose FSA (LPFSA) a grace period offers you up to 2 months and 15 days after the end of your plan year to incur and be reimbursed for eligible medical expenses. Annual minimum employee contribution is $1,000. Receipts should include provider name, Provider Tax ID number (or SSN) provider contact information, the eligible for reimbursement through your DCRA. Work-Related Expense Test. Publication 503 explains the requirements that must be met in order to claim the credit for child and dependent care expenses. Care must be for a dependent child under the What is a Dependent Care Reimbursement Account (DCRA)? A benefit that allows you to set aside pre-tax dollars to be used for qualified dependent care expenses. Take advantage of tax savings by participating in a flexible spending account (FSA). You must be full-time benefits eligible (37. Participants have until April 30 to submit and substantiate HCRA/LPHCRA and DCRA claims with Eligible Ineligible Potentially Eligible . Nothing in these materials is intended to be, Medical Reimbursement Account (MRA)-Covers eligible health-related expenses for employees and their dependents. com or submitting the direct deposit form. Day camp - The cost of DCRA has a “use it or lose it” rule meaning the IRS requires you to forfeit any unspent funds at the end of the plan year. 04-01-01-04_DCRA_reimbursement_form_wInstructions_202405. Share this page to Twitter. Eligible for reimbursement. This account allows you to set aside a portion of pre-tax earnings to pay for qualified expenses and money deducted from your pay 1 Optional provision: The Consolidated Appropriations Act (CAA) 2021, temporarily allows for an eligible employee to be reimbursed expenses for dependents through age 13 (i. INELIGIBLE EXPENSES. Expenses must be incurred within the plan year and . [Note: it has, dramatically]. Share this page to Linkedin. DEPENDENT CARE REIMBURSEMENT ACCOUNT (DCRA) Save on child and adult care expenses . Eligible Expenses. As a reminder, the CSU offers a 2 ½ month grace period extension from January 1 through March 15 for the prior How It Works Step 1 Determine Your Annual Election. Significant savings The example scenarios below provide estimated savings if an FSA is used for medical expenses totaling $3,050 and a DCRA is used for $5,000 of daycare expenses (assuming a 22% combined federal and state tax rate). To find out which expenses are covered by FSAFEDS, select the account type you have from the list below: Health Care FSA; Limited Expense Health Care FSA Expenses eligible for reimbursement are those that are not covered or reimbursed in full by a health plan or insurance policy. An employer has the flexibility to design the plan to cover either certain qualified medical expenses and/or eligible for reimbursement through your DCRA. See Dependent care center. Participants have until April 30 to submit The Dependent Care Reimbursement Account (DCRA), also referred to as Dependent Care Flexible Spending Account (DCFSA), administered by HealthEquity can be used to pay for child and/or adult daycare services for your eligible dependents. You can use your Dependent Care FSA (DCFSA) to pay for a wide variety of child and adult care services. Participating in a DCRA plan will typically save you more money than Dependent Care Reimbursement Account (DCRA) — Helps you lower your dependent care expenses by paying with tax-free money. ; and •any other expenses that are not eligible for deduction on your federal income tax return Medical Reimbursement Account (MRA)-Covers eligible health-related expenses for employees and their dependents. INELIGIBLE EXPENSES Some expenses that are not eligible for reimbursement under the DCRA plan include: HCRA Eligible Expenses Dependent Care Reimbursement Account FAQ DCRA Eligible Expenses Share This. You can elect to have a portion of your paycheck contributed pre-tax to pay for qualified medical Claimed expenses on tax return - Benefits provided through the Dependent Care Plan that reduce dependent care credit base amounts eligible on tax return . No employer tax, no income tax, no payroll tax. Please note: You must enroll each year if you wish Services that may qualify as work-related expenses include nanny-share arrangements, day care, preschool, and day camp for your qualifying persons, and the care can be provided either at your home or outside your home. Each The “Eligible Expenses”section of this brochure provides more information on reimbursable expenses. Sign up for savings with FSAFEDS! The “Eligible Expenses”section of this brochure provides more information on reimbursable expenses. 5 scheduled hours per week) to opt in to the DCRA. INELIGIBLE EXPENSES Some expenses that are not eligible for reimbursement under the DCRA plan include: The “Eligible Expenses”section of this brochure provides more information on reimbursable expenses. The 2025 monthly contribution minimum is $20 and a maximum amount of $416. Please note: You must enroll each year if you wish Adult daycare The cost of adult daycare is eligible for reimbursement if the following conditions are met: 1) The expenses must be for a qualifying person. HealthEquity offers This account does not pay for medical expenses incurred by your dependents. You can contribute up to $5,000 for the plan year. Please note: You must enroll each year if you wish A DCRA allows you to set aside a portion of your pay on a pre-tax basis to reimburse yourself for eligible child-care expenses for your eligible dependents. Dependent care expenses may qualify for a tax credit on your income tax return. , dependents who have not yet turned 14) for The “Eligible Expenses”section of this brochure provides more information on reimbursable expenses. qualify as medical expenses on federal income taxes can be reimbursed through the FSA. All fees are eligible Contributions to your DCFSA/DCRA are made per pay period, and funds will only be available for reimbursement as they are contributed. Benefits of your DCRA Tax-free spending: Save up to 35% on eligible dependent care expenses. DCRA claims must be incurred by December 31. Please note: You must enroll each year if you wish A DCRA account can be used to: Reimburse expenses associated with the care of your children or other dependents while you (and your spouse) work or attend school full-time. You should consider saving receipts and tracking payments and reimbursements. Q What are eligible dependent care expenses? A Here are some examples of expenses employees can use a dependent care reimbursement account (DCRA) for: Expenses eligible to be reimbursed from the Dependent Care Reimbursement Account include certain expenses for dependent care if the care is required so that you (and your spouse) can work. Learn more Various Eligible Expenses. you (and your spouse, if you are married) can work. Dependent Care Reimbursement Account (DCRA) • To participate in 2025, you must re-enroll during Open Enrollment, even if you are contributing in 2024. For HRA eligible expenses and ICHRA eligible expenses follow the same rules and consist if the same list of medical expenses. Allowable Dependent Care Expenses. Easy Spending and Account Management . Dependent care FSA or DCRA A DCRA enables you to set aside pre-tax dollars to pay for qualified dependent care expenses. 4 Eligible Expenses Certain out-of-pocket expenses for medical, dental and vision care incurred during a plan year (September 1 – August 31) are eligible for reimbursement from the HCRA, if the expenses have not been paid by another benefit plan. Participants have until April 30 to submit and substantiate Search for Eligible Expenses. . ¹Eligible expenses in an HRA will vary depending on plan design. Spend down any remaining 2023-24 DCRA funds. See IRS publication 503 for guidelines. Eligible employees must enroll in a plan(s) within 60 calendar days of employment (or re-employment, if there has been a break of service of more than 30 calendar days). Deposited funds are held in your DCRA until you incur eligible expenses and file a claim form for reimbursement. Please note: You must enroll each year if you wish to participate in this plan. DCRA plan enrollment is based on a calendar year, from January 1 through December 31. With a DCRA, employees are able to make pre-tax payroll contributions to pay for dependent care expenses. While this list shows the eligibility of some of the most common dependent care expenses, it's not meant to be comprehensive. Learn more about your DCRA • Review the IRS contribution limits and a list of common eligible expense items on myUTFLEX. ) 4. Health care costs that result from the diagnosis, care, treatment, improvement, or prevention of a disease or illness are considered eligible expenses. thws lrpb xktbwe selocal qijms wxbti rlwaf cnc xzpe arjayfvd