Dependent Care FSA

Setting aside pretax dollars in a Dependent Care Flexible Spending Account (FSA) can help you save on child or adult day care expenses you have during the year. The Dependent Care FSA covers eligible dependent care expenses, including preschool, summer camp, before- and after-school programs, and child and adult day care while you work.

When you elect your benefits as a new employee or during annual open enrollment, you choose your Dependent Care FSA contribution level for the calendar year (up to $5,000 if you and your spouse file taxes jointly; $2,500 if you file separately).

You’ll need to elect your contribution level during open enrollment each year (as long as you have a Dependent Care FSA), because Dependent Care FSA elections don’t roll over from year to year.

Your pretax paycheck contributions are deposited directly into your Dependent Care FSA, which is administered by HSA Bank.

To be eligible for the Dependent Care FSA, your dependent must be:

  • Under age 13
  • A disabled qualifying relative
  • A spouse who is unable to work or care for themselves
  • An adult child who is unable to work or care for themselves

You can use the Dependent Care FSA to pay for care needed to allow you or your spouse to work, look for work or attend school. Examples include:

  • Before- and after-school care
  • Babysitters, nannies and au pairs
  • Adult day care
  • Licensed day care centers
  • Nursery schools and pre-schools
  • Placement fees for a dependent care provider
  • Day camps (must serve at least six children)

You set up and manage your Dependent Care FSA on the HSA Bank website or via the mobile app. You have the option to pay dependent care expenses directly from your Dependent Care FSA using your HSA Bank debit card or submit receipts and be reimbursed for expenses you pay out of pocket.

You have until March 31 of the following year to submit receipts for reimbursement.

Save two ways when you enroll in a Dependent Care FSA

This short video shows you how.

Ready to Enroll?

To enroll or make changes to your benefits, visit bswift, our secure, online enrollment website. You’ll be prompted to enter your YNHHS username and password. If you are enrolling before your hire date, use this link to visit bswift and follow the temporary username and password instructions there. If you run into problems, call HRConnect at 844-543-2147. Need more info first? You’ll find details at HRConnect.

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