*Under the FSA, you can be reimbursed for eligible health care expenses for dependent children who are under the age of 26. To learn more about eligible reimbursements through your FSA for your life partner or child of your life partner, see the REI Benefits Plan Summary Plan Description.
Dependent Care Flexible Spending Account (DCFSA)
A DCFSA can be used to pay for dependent care expenses while you are at work, such as preschool, summer day camp, before- or after-school programs, and child or elder day care. Dependent Care Flexible Spending accounts CANNOT be used for reimbursement of dependent health care costs.
When enrolling, you can set aside an amount to be deducted per paycheck. Your contributions will be deducted on a pre-tax basis.
Unlike a Health Care FSA, the funds you contribute become available for use after each payroll deduction.
Eligible full-time employees.
What It’s For
To reimburse your costs for the care of your children under age 13 and older disabled dependents. (If your spouse is unemployed, you can’t participate unless he/she is a full-time student, disabled or actively looking for work.)
Maximum Annual Contribution
- $5,000 (if you’re married filing jointly).
- $2,500 (if you’re single or married filing separately for the plan and calendar year).
Examples of Eligible Expenses
Day care, babysitting and adult day care. See the full list of eligible expenses for the DCFSA.
No, funds do not roll over.